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    GhanaWeb: Nigeria Begins Sharing $2.1 Bln Gas Revenues

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Summary

A spokesperson for the Nigerian vice president has said the country has begun sharing $2.1 billion in revenue from NLNG with federal, state, & local governments

by: Erica Mills

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Press Notes, Africa

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GhanaWeb: Nigeria Begins Sharing $2.1 Bln Gas Revenues

Nigeria has begun the process of sharing $2.1 billion with federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans, a spokesman for the vice president said on Monday.

The sharing of revenues from the state-owned Nigeria Liquefied Natural Gas Company was announced earlier this month after governors of the 36 states requested federal government support from President Muhammadu Buhari.

Read the full article HERE.

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