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NEC Endorses Royalty Deductions To Pay ₦185bn Debt Owed Gas Producers

The National Economic Council (NEC) has endorsed President Bola Tinubu’s approval for the settlement of ₦185 billion outstanding obligations owed to gas producers, adopting a royalty-deduction arrangement to clear the long-standing debts and boost domestic gas supply. At its 154th meeting held virtually on Wednesday and chaired by vice president, Kashim Shettima, NEC received a […]


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