{"id":204869,"date":"2022-07-21T05:20:14","date_gmt":"2022-07-21T04:20:14","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=204869"},"modified":"2022-07-21T05:20:14","modified_gmt":"2022-07-21T04:20:14","slug":"piall-will-impact-federation-account-negatively-rmafc","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/","title":{"rendered":"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC"},"content":{"rendered":"

The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the revenue accruable to the Federation Account. <\/p>\n

It stated that while the PIA sought to provide legal, governance, regulatory and fiscal framework for the management of the petroleum industry and the development of host communities, its promoters might not have thought through the impact of the Act on revenues to the Federation Account.<\/p>\n

The RMAFC<\/a> disclosed this on Wednesday in a report it presented to oil and financial sector players as well as other stakeholders at a retreat with the theme, \u201cPetroleum Industry Act 2021 and its Impact on Federation Revenue,\u201d held in Uyo, Akwa Ibom State.<\/p>\n

In the report, which was made available to newsmen in Abuja, the commission said, \u201cThe Petroleum Industry Act 2021 is a bold attempt to address regulatory and governance issues that have impacted negatively on the growth of the Nigerian petroleum industry in the last three decades.<\/p>\n

\u201cIt is also presumed that the PIA will promote efficiency and make the industry more competitive.<\/p>\n

\u201cRegrettably, the promoters of the PIA may not have thought through the immediate impact on revenue accruals to the Federation Account and as such, the PIA has effectively and substantially reduced revenue that ordinarily should have accrued into the Federation Account.\u201d<\/p>\n

It added, \u201cThe creation of multiple funds, funded directly or indirectly from the Federation Account is a major issue. The adoption of the dual tax regime in the Petroleum industry (Hydrocarbon Tax and Company Income Tax) as opposed to single tax regime (Petroleum Profit Tax) has its own advantages and disadvantage.\u201d<\/p>\n

\u201cThe effective tax rate in the PIA is significantly lower than pre-PIA. In conclusion it can be argued that the PIA has systematically and substantially reduced the revenue accruable to the Federation Account.\u201d<\/p>\n

The PIA 2021 was passed into law by the President, Major General Mohammadu Buhari (retd.), in August last year after the bill had dragged at the National Assembly for more than two decades.<\/p>\n

Outline some of its envisaged challenges to the bill, RMAFC stated that the law was silent on the definition of \u201cfrontier basin\u201d and host community.<\/p>\n

It urged the Nigerian Upstream Petroleum Regulatory Commission \u2013 a creation of the PIA, to adequately define \u201cfrontier basin\u201d and the word \u201cSettlors\u201d or license holders as contained in the definition of \u201chost community.\u201d<\/p>\n

These definitions have revenue implications and should not be taken lightly. This lack of clarity can create uncertainties and disputes, particularly the affected parties define them in different ways,\u201d the commission stated.<\/p>\n

The report, however, outlined the expected outcomes of the PIA, as it stated that the envisaged expansion of the sector was expected to make it more profitable for the benefit of everyone, Nigerians and investors alike.<\/p>\n

\u201cIn the long term, it is expected that the government revenues will increase. The increased revenue will be used to finance critical government projects like transportation infrastructure, expansion of electricity generation and distribution system,\u201d it stated.<\/p>\n

It added, \u201cWith the creation of the Host Community Fund it is expected that there will be reduced hostilities in the oil-producing areas leading to improved crude oil and gas production and increase in federation revenue.\u201d<\/p>\n

But it gave a caveat, as the commission said, \u201cAll the above positive outcomes will be based on how the PIA is implemented. In the short term, government revenue will drop significantly due to reduced taxes and royalties.<\/p>\n

\u201cSecurity situation in all parts of the country if not resolved quickly may make all the above positive outcomes a mirage.\u201d<\/p>\n

In his speech at the event, which was also made available to our correspondent in Abuja, the acting Chairman, RMAFC, Umaru Abdullahi, explained that the oil and gas industry was very important to the country and had a major impact on Nigeria\u2019s economy.<\/p>\n

\u201cIt is a known fact that the industry contributes less than 10 per cent to the country\u2019s Gross Domestic Product, but accounts for over 80 per cent of Nigeria\u2019s foreign exchange earnings and 60 per cent of its total income,\u201d he stated.<\/p>\n

Abdullahi added, \u201cAs a result, any adverse change in the industry will have a major and long-term impact on federation revenue. This may be the reason why various governments in the past and present have concentrated on the sector despite various discussions on the need to diversify the Nigerian economy.\u201d<\/p>\n

He explained that the RMAFC was one of the 14 federal executive bodies established by Section 153 (1) of the 1999 Constitution of the Federal Republic of Nigeria (As Amended).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the revenue accruable to the Federation Account. It stated that while the PIA sought to provide legal, governance, regulatory and fiscal framework for the management of the petroleum industry and the development of […]<\/p>\n","protected":false},"author":39,"featured_media":150073,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[1193,19590,18379,16294],"class_list":["post-204869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-nnpc","tag-oil-and-gas","tag-pia","tag-rmafc"],"yoast_head":"\nPIA\u2019ll will impact Federation Account negatively \u2013 RMAFC<\/title>\n<meta name=\"description\" content=\"The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the revenue accruable to the Federation Account\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC\" \/>\n<meta property=\"og:description\" content=\"The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-21T04:20:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/02\/adewale_chocomilo\/2022\/02\/17\/Petrol-e1624900109321.png\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Afolabi Hakim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Afolabihakim\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Afolabi Hakim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/\"},\"author\":{\"name\":\"Afolabi Hakim\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/11c3572b598054b7529a9e48ca435c27\"},\"headline\":\"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC\",\"datePublished\":\"2022-07-21T04:20:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/\"},\"wordCount\":761,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/02\\\/adewale_chocomilo\\\/2022\\\/02\\\/17\\\/Petrol-e1624900109321.png\",\"keywords\":[\"NNPC\",\"Oil and gas\",\"PIA\",\"RMAFC\"],\"articleSection\":[\"National\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/\",\"name\":\"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/02\\\/adewale_chocomilo\\\/2022\\\/02\\\/17\\\/Petrol-e1624900109321.png\",\"datePublished\":\"2022-07-21T04:20:14+00:00\",\"description\":\"The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the revenue accruable to the Federation Account\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/02\\\/adewale_chocomilo\\\/2022\\\/02\\\/17\\\/Petrol-e1624900109321.png\",\"contentUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/02\\\/adewale_chocomilo\\\/2022\\\/02\\\/17\\\/Petrol-e1624900109321.png\",\"width\":720,\"height\":432},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/07\\\/21\\\/piall-will-impact-federation-account-negatively-rmafc\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/\",\"name\":\"NEWS\",\"description\":\"Latest & Trending Nigeria News, Entertainment, Sports\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#organization\",\"name\":\"WITHN NIGERIA MEDIA LIMITED\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2021\\\/01\\\/Logo-dark-bg.png\",\"contentUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2021\\\/01\\\/Logo-dark-bg.png\",\"width\":750,\"height\":500,\"caption\":\"WITHN NIGERIA MEDIA LIMITED\"},\"image\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/withinnigeria\",\"https:\\\/\\\/x.com\\\/withinnigeria\",\"https:\\\/\\\/www.instagram.com\\\/withinnigeria\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/withinnigeria\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCo0qw0SqhKNTsQQM48FpdTA\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/11c3572b598054b7529a9e48ca435c27\",\"name\":\"Afolabi Hakim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d6cc8a27183da7a58906a5c50abff09673ac4c88f93d4406aed72817df5aa6a9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d6cc8a27183da7a58906a5c50abff09673ac4c88f93d4406aed72817df5aa6a9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d6cc8a27183da7a58906a5c50abff09673ac4c88f93d4406aed72817df5aa6a9?s=96&d=mm&r=g\",\"caption\":\"Afolabi Hakim\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/@Afolabihakim\"],\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/author\\\/afolabi\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC","description":"The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the revenue accruable to the Federation Account","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/","og_locale":"en_GB","og_type":"article","og_title":"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC","og_description":"The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the","og_url":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/","og_site_name":"NEWS PICKS \u2014 WITHIN NIGERIA","article_publisher":"https:\/\/facebook.com\/withinnigeria","article_published_time":"2022-07-21T04:20:14+00:00","og_image":[{"width":720,"height":432,"url":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/02\/adewale_chocomilo\/2022\/02\/17\/Petrol-e1624900109321.png","type":"image\/png"}],"author":"Afolabi Hakim","twitter_card":"summary_large_image","twitter_creator":"@Afolabihakim","twitter_site":"@withinnigeria","twitter_misc":{"Written by":"Afolabi Hakim","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#article","isPartOf":{"@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/"},"author":{"name":"Afolabi Hakim","@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/person\/11c3572b598054b7529a9e48ca435c27"},"headline":"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC","datePublished":"2022-07-21T04:20:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/"},"wordCount":761,"commentCount":0,"publisher":{"@id":"https:\/\/www.withinnigeria.com\/news\/#organization"},"image":{"@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/02\/adewale_chocomilo\/2022\/02\/17\/Petrol-e1624900109321.png","keywords":["NNPC","Oil and gas","PIA","RMAFC"],"articleSection":["National"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/","url":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/","name":"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC","isPartOf":{"@id":"https:\/\/www.withinnigeria.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#primaryimage"},"image":{"@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/02\/adewale_chocomilo\/2022\/02\/17\/Petrol-e1624900109321.png","datePublished":"2022-07-21T04:20:14+00:00","description":"The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the revenue accruable to the Federation Account","breadcrumb":{"@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#primaryimage","url":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/02\/adewale_chocomilo\/2022\/02\/17\/Petrol-e1624900109321.png","contentUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/02\/adewale_chocomilo\/2022\/02\/17\/Petrol-e1624900109321.png","width":720,"height":432},{"@type":"BreadcrumbList","@id":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/piall-will-impact-federation-account-negatively-rmafc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.withinnigeria.com\/news\/"},{"@type":"ListItem","position":2,"name":"PIA\u2019ll will impact Federation Account negatively \u2013 RMAFC"}]},{"@type":"WebSite","@id":"https:\/\/www.withinnigeria.com\/news\/#website","url":"https:\/\/www.withinnigeria.com\/news\/","name":"NEWS","description":"Latest & Trending Nigeria News, Entertainment, Sports","publisher":{"@id":"https:\/\/www.withinnigeria.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.withinnigeria.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.withinnigeria.com\/news\/#organization","name":"WITHN NIGERIA MEDIA LIMITED","url":"https:\/\/www.withinnigeria.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/01\/Logo-dark-bg.png","contentUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/01\/Logo-dark-bg.png","width":750,"height":500,"caption":"WITHN NIGERIA MEDIA LIMITED"},"image":{"@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/withinnigeria","https:\/\/x.com\/withinnigeria","https:\/\/www.instagram.com\/withinnigeria\/","https:\/\/www.linkedin.com\/company\/withinnigeria\/","https:\/\/www.youtube.com\/channel\/UCo0qw0SqhKNTsQQM48FpdTA"]},{"@type":"Person","@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/person\/11c3572b598054b7529a9e48ca435c27","name":"Afolabi Hakim","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/d6cc8a27183da7a58906a5c50abff09673ac4c88f93d4406aed72817df5aa6a9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d6cc8a27183da7a58906a5c50abff09673ac4c88f93d4406aed72817df5aa6a9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d6cc8a27183da7a58906a5c50abff09673ac4c88f93d4406aed72817df5aa6a9?s=96&d=mm&r=g","caption":"Afolabi Hakim"},"sameAs":["https:\/\/x.com\/@Afolabihakim"],"url":"https:\/\/www.withinnigeria.com\/news\/author\/afolabi\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/posts\/204869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/comments?post=204869"}],"version-history":[{"count":0,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/posts\/204869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/media\/150073"}],"wp:attachment":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/media?parent=204869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/categories?post=204869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/tags?post=204869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}