NO MORE ANNUAL ALLOCATIONS TO DPR

President Goodluck Jonathan has approved the retention of four per cent of royalties on oil and gas concessions and other revenues as the cost of collection by the Department of Petroleum Resources, investigation has shown.



This means that the agency will retain four per cent of the total revenue it collects on behalf of the Federal Government and the other two tiers of government every month rather than depend on budgetary provisions for its operations.

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