4 days ago
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday, in Abuja, said successful implementation of the Petroleum Industry Act (PIA) remains sacrosanct in boosting the country’s oil earnings.
Stakeholders across the energy sector in Nigeria are calling for an urgent rejig that will make Nigeria’s $1.9 trillion energy transition plan a reality.
Nigeria Extractive Industries Transparency Initiative (NEITI), in Abuja, yesterday, said mismanagement of extractive revenues and other infractions in the country’s extractive sector is a violation of human rights.
However, stringent measures are taken to protect legitimate rights, liberty and freedom of the asset owners in managing the disclosures and use of the information.
Increasing citizens’ desire to push the boundaries of oil, gas and mining industry reforms beyond disclosure of company payments and government revenue receipts led to the need for more specific information
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI). Orji Ogbonnaya Orji has tasked oil and gas companies to pay over $2 billion in debt owed to the Federal Government
Federal Government has recovered a total of N2.6 Trillion in revenue from oil firms following the Nigeria Extractive Industries Transparency Initiative (NEITI) National Assembly intervention.
Stakeholders in Abuja have raised serious concerns over the growing rate of inequality in Nigeria, insisting the mismanagement of natural resource wealth is fuelling the development.
Prof. Damilola Sunday Olawuyi is a Senior Advocate of Nigeria and an international jurist with expertise in petroleum, mining, energy and environmental law.
Stakeholders, yesterday in Abuja, raised serious concern over loopholes in revenue collections and remittances to government accounts by Federal Government agencies, a development, which may have resulted in over $1.3 billion
The Nigeria Mining Cadastre Office (MCO) says the agency is working closely with the Nigeria Extractive Industries Transparency Initiative (NEITI), the Economic and Financial Crimes Commission (EFCC)
At a time Nigeria is borrowing heavily, revenue by four Federal Government agencies generated N28.02 trillion between 2017 and 2019.