The Nigeria Extractive Industries Transparency Initiative (NEITI) relishing on the achievement of earning Nigeria a Satisfactory Progress ranking by the global Extractive Industries Transparency Initiative (EITI), held a retreat for its staff, management and Board to review its current Strategic Plan 2017-2021.

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 The Nigeria Extractive Industries Transparency Initiative, NEITI has expressed its commitment to work with credible media organizations in the realization of its mandate.

The Executive Secretary of NEITI Mr. Waziri Adio represented by Mr, Peter Ogbobine, NEITI Director of Legal Services made this known recently in Abuja at the official launch of Extractive360.com, an online media platform.

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  • Seeks collaboration with NEITI

The Nigeria Extractive Industries Transparency Initiative has expressed its readiness to collaborate with the International Centre for Investigative Reporting (ICIR) for reportage of issues in the extractive sector.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Socio-Economic Rights & Accountability Project (SERAP) a non-profit, legal and advocacy organisation have agreed to partner on information sharing in an effort to tackle corruption in the country.

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  • Combined Net FAAC Allocations for 2017 and 2018 Inadequate to Fund 2019 Budgets of 35 states
  • Total Revenues to States for 2017 & 2018 Inadequate to Fund 2019 Budgets 0f 28 States.
  • Disbursements Dropped Below N2trillion First Time Since Q2 2018.

The fall in oil prices slightly affected government earnings in the first quarter of 2019, as Federation Allocation Account Committee (FAAC) disbursed N1.929trillion between January and March this year. The figure indicates a 0.45% decline from the N1.938trilion disbursed for the same period in 2018, but 36.7% higher than the N1.411trillion disbursed in the corresponding period in 2017.

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