• 36 states received N3.9 trillion revenues in 2018
  • Lagos’ 2018 revenue higher than revenue of each of three zones
  • SS and SW states had 55% of 2018 states’ revenues

The 36 states received N3.95trillion as total revenues in 2018 but none of the states could fund their 2018 budget from their total revenue for the year. The gap between total revenues and budgets ranged between N28billion in Enugu and N1.2trillion in Cross River. The total revenues to the states came from disbursements from the Federation Accounts and Allocation Committee (FAAC) and receipts from Internally Generated Revenues (IGR).

 

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Abuja, June 20, 2019.

“The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with much enthusiasm the appointment of Mr. Mele Kolo Kyari as the incoming GMD of NNPC by President Muhammadu Buhari. 

In a statement released in Paris, France, venue of the global conference of Extractive Industries Transparency Initiative (EITI), the NEITI Executive Secretary, Waziri Adio described the choice of Mele Kyari as a well-deserved appointment and an intimation of more openness and reforms in the national oil company. 

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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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