N1.78trillion. In its report on funding performance between January and November 2021, the oil firm said it had maintained petrol subsidy since the beginning of this year. The NNPC spends so much on petrol subsidy because for about four years running it has remained the sole importer of PMS into Nigeria. Other marketers stopped importing the commodity due to their inability to adequately access the United States dollar. On remittances to FAAC, the funding performance report captured the projected monthly remittance as N122.767bn, but this target was never met for all of the 11 months. It was also observed that the projected remittance by the company to FAAC for the 11 months combined was put at N2.30tn, but what was actually remitted was N522.203bn.