FG Clears NNPC’s Legacy Debts, Resets Federation Accounts Amid Deepening Revenue Strain
Nigeria’s fiscal landscape has entered a new and consequential phase following President Bola Tinubu’s approval of a sweeping write-off of legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The decision effectively wipes out the bulk of obligations accumulated over several years, closing a chapter marked by persistent […]
