Again revenue underpayment by nnpc forces faac meeting shift
It seems like you're referring to a news article or a report about the Nigerian National Petroleum Corporation (NNPC) underpaying revenue, which has led to a shift in the meeting of the Federation Account Allocation Committee (FAAC).
Here's a possible summary:
The Federation Account Allocation Committee (FAAC) meeting has been shifted due to the revelation that the Nigerian National Petroleum Corporation (NNPC) underpaid revenue to the federation account. The underpayment is reportedly significant, and it has led to a shortfall in the revenue allocated to the three tiers of government.
The FAAC meeting, which was initially scheduled to take place on [insert date], has been rescheduled to [insert new date]. The meeting is crucial for the allocation of revenue to the federal, state, and local governments.
The underpayment by NNPC is believed to be a result of discrepancies in the corporation's revenue remittances to the federation account. The corporation is responsible for remitting revenue from oil and gas sales to the federation account, which is then distributed to the three tiers of government.
The development has sparked concerns about the impact on the country's economy and the ability of the government to meet its financial obligations. The underpayment is also expected to affect the allocation of funds to critical sectors such as infrastructure development, healthcare, and education.
It remains to be seen how the situation will be resolved, but it is clear that the underpayment by NNPC has significant implications for the country's fiscal management and the allocation of resources.