Available records show Nigeria's crude oil production capacity stands at 2.2 million barrels per day even as the country has traditionally been ranked Africa's largest producer of oil. After decades of exploration, the oil and gas sector has accounted for a significant part of the government revenue. But despite such endowment, Nigeria has struggled to cater for millions of its citizens, with the [...]
Tag "NEITI"
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A new report published by the Nigeria Extractive Industries Transparency Initiative (NEITI) has shown that the recurrent expenditure of 21 states is higher than their disbursements from the federation accounts allocation committee (FAAC). According to a statement signed by Orji Ogbonnaya Orji (pictured), NEITI's director of communications and advocacy, a total of N8.15 trillion was shared among the three tiers of government in [...]
RemTrack, an application developed to enhance transparency in Nigeria’s extractive industry, has been unveiled. The application, designed and developed by OrderPaper Advocacy Initiative in collaboration with Nigeria Extractive Industries Transparency Initiative (NEITI), was launched in Lagos, on Tuesday. During the public presentation of the app, Waziri Adio, executive secretary of NEITI, disclosed that RemTrack simply means remediation tracker. He said the application [...]
RemTrack, an application developed by civil society organisations to enhance transparency in Nigeria's extractive industry, will be launched on December 3. The application was designed to track the remediation of issues contained in the annual audit reports of the Nigeria Extractive Industries Transparency Initiative (NEITI). RemTrack was designed and developed by OrderPaper Advocacy Initiative in collaboration with the Civil Society Steering Committee [...]
Waziri Adio, executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), paid a courtesy visit to Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), on Teusday. Adio led some members of NEITI management board to the new office of the anti-graft agency in Abuja. Both men made commitment to revive and activate existing MoU between the two [...]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has congratulated Mele Kyari on his appointment as the group managing director of the Nigerian National Petroleum Corporation (NNPC). President Muhammadu Buhari appointed Kyari on Thursday. Kyari, who is the current group general manager, crude marketing division, will assume office as NNPC GMD on July 7. In a statement on Thursday, Waziri Adio, executive secretary of NEITI, [...]
John Momoh, chairman of Channels Media Group and Waziri Adio, executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), will be honoured at the 13th edition of the Wole Soyinka Award for Investigative Reporting. Momoh who is also the chairman of the Broadcasting Organisation of Nigeria (BON) will be honoured with the lifetime award for journalistic excellence for his “noteworthy [...]
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the solid minerals sector contributed N43.22 billion to government coffers in 2016. In a report released by the agency on Tuesday, it was also recorded that Nigeria's solid minerals production jumped by 33 percent in the same year, with Ogun state taking the lead in production and revenue receipt. The report, signed by Orji [...]
The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to hold a conference on resolving outstanding remedial issues in the oil, gas and mining sector. In a statement on Friday, Ogbonnaya Orji, director, communications and advocacy of NEITI, said experts across the extractive industries have been invited for the conference. "Experts across the extractive industries value chain have been assembled to review the status [...]
Oby Ezekwesili makes PRIO’s shortlist for 2018 Nobel Peace Prize ‘for making the world less corrupt’
Oby Ezekwesili, former vice-president of the World Bank and co-founder of Transparency International (TI), made PRIO's final shortlist for the 2018 Nobel Peace Prize. PRIO is the Peace Research Institute, Oslo, whose director has the power to nominate distinguished peace advocates to the Nobel Committee for consideration. Nominations for the Nobel Peace Prize is taken from certain individuals holding positions set forth [...]
Zainab Ahmed, acting minister of finance, assumed duty on Monday, expressing hope that she is in good hands. President Muhammadu Buhari appointed her following the resignation of Kemi Adeosun who was caught in a scandal of forging the exemption certificate of the National Youth Service Corps (NYSC). Ahmed described the task ahead of her as challenging, promising to tap from the experience [...]
The total deductions made from Osun's disbursements from the federation account allocation committee exceeded the total allocation the state got. According to a quarterly review released by the Nigerian Extractive Industries Transparency Initiative, the total allocations Osun got between January and June 2018 was N10.24 billion and the total deductions made was N14.52 billion. Although data showed that FAAC disbursements as of June [...]
The Nigeria Extractive Industries Transparency Initiative (NEITI), says states in the federation will be unable to execute their budgets or may have to increase borrowing because projected revenue is less than planned spending. In its quarterly review released on Thursday, NEITI said projected revenue for the 36 states was derived by summing up total projected internally generated revenue (IGR) with projected [...]
The Nigerian National Petroleum Corporation (NNPC) says the organisation is always ready to public scrutiny and will comply with the petroleum industry governance bill (PIGB) once signed into law by the president. Bala Wunti, group general manager, corporate planning and strategy, said this at a PIGB symposium in Abuja. He said the corporation in line with global best practice, has developed and [...]
Waziri Adio, executive secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), says implementation of laws will reposition and transport the oil and gas sector to become a real blessing and not just a "needless curse". Speaking at a symposium on petroleum industry governance bill (PIGB) in Abuja, Adio commended the national assembly for passing PIGB. He said Nigerians will be deluded to think the job [...]
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