Friday 26 August 2016

LAGOS TO WAIT FOR CRUDE EXPORT TO ENJOY 13% DERIVATION

n spite of the commencement of production from its newly discovered oil wells, Lagos State may have to wait until crude oil export commences before it joins the league of states benefitting from the 13 per cent derivation principle.
This clarification was made yesterday at Federation Account Allocation Committee (FAAC) meeting.

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