The Nigeria Extractive Industries Transparency Initiative (NEITI) says its mandate to promote transparency and accountability in the extractive sector aligns with the objectives of asset recovery and responsible management of public resources. NEITI underscored the need to boost global efforts…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged Mr Bayo Ojulari, the new Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company Limited (NNPC Ltd.), to strengthen reforms, transparency and accountability. NEITI urged the new leadership to…
Revenue-generating agencies owe FG N9.3trn — NEITI Revenue-generating agencies owe the Federal Government a total of N9.3 trillion in unremitted liabilities. The Nigeria Extractive Industries Transparency Initiative (NEITI) revealed this in its 2023 industry report, which draws attention to financial…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reaffirmed its unwavering commitment to ensuring that Nigeria’s oil, gas and mining revenues are managed for the benefit of all citizens. NEITI said it would deepen beneficial ownership disclosures to strengthen revenue…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended Spaces For Change (S4C) for its significant advocacy efforts in empowering local communities affected by oil and gas operations. NEITI acknowledged S4C’s role in strengthening the capacity of citizens to hold…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged oil companies operating in Nigeria to prioritise the development of their host communities. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the official presentation of a Policy Brief…
The Nigeria Extractive Industries Transparency Initiative has revealed that, as of August 2024, oil and gas operators owe the Federal Government a total of $6.1 billion in unpaid royalties, taxes, rents, and other collectible revenues. This outstanding amount reflects the…
Efforts are underway to recover $6 billion, alongside an additional N66 billion, owed to the Federal Government by stakeholders within the oil sector. Mr Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), disclosed this on…
The Nigerian Extractive Industries Transparency Initiative (NEITI) has urged the Nigerian National Petroleum Company Limited (NNPCL) to fast-track action on the ongoing rehabilitation of Phase Two Port Harcourt Refinery Company Limited and Kaduna Refinery. The watchdog organisation made the call…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has emphasised the importance of accountability and transparency in the nation’s energy sector. The Executive Secretary, Dr Orji Ogbonnaya Orji, said this at the Association of Energy Correspondents Annual Strategic International Conference on…
