The three tiers of government couldn’t share revenue for the month of February owing to discrepancies of about N37.76 billion in revenue presented by the Nigeria National Petroleum Corporation (NNPC). The Account ant General of Federation, Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun at the Federal Account Allocation Committee (FAAC) meeting yesterday told reporters that the revenue sharing was suspended until figures were reconciled with the NNPC. According to insider sources, the NNPC remitted N74.06 billion into the federation account, as oil revenue generated in the month of February, and which was to be shared at yesterday’s meeting. Compared to the collection of N111.84 billion in January, 2018, the February collection of N74.06 billion was lower by N37. 76 billion or 33 per cent, a figure the FG and states rejected. “The meeting was inconclusive because of some issues around reconciliation on the table. Obviously, […]