DPR remits N673bn to FG in six month

The Department of Petroleum Resources, DPR, has generated and remitted the total sum of N673.7bn to the federal government in the first half of the year spanning January -June 2020.

DPR Director Sarki Auwalu stated this during the visit of the Federation Allocation Accounts Committee post-mortem sub-committee to DPR on Wednesday, a statement from agency said.

Auwalu, who assured that the DPR would surpass its revenue target for the year, said the agency operates a cashless revenue system which enables all revenue remittances to be paid directly to the federation account in total compliance with the Treasury Single Account policy of government.