The Minister of State for Labour and Employment, Festus Keyamo, says the President, Muhammadu Buhari relies heavily on funds generated by Nigeria Customs Service and Federal Inland Revenue Service.
Keyamo’s statement corroborated an earlier report by the Nigerian National Petroleum Company Limited on July 20 that it would no longer remit money to the Federation Accounts Allocation Committee for sharing to the three tiers of government monthly.
The NNPC hinged the decision on its latest transition from a public corporation to a limited liability company, adding that all monetary arrears to the committee were owed by the old corporation and not the new oil company.