By Gilbert da Costa
An audit to enhance accountability and transparency in Nigeria's oil industry has been launched. For VOA, Gilbert da Costa reports that while oil firms and politicians have benefitted from oil revenues, the wealth has not trickled down to ordinary citizens.
The United Nations says despite hundreds of billions of dollars in oil revenues, about 70 percent of Nigeria's population of 140 million live on less than $2 per day. ThThat the Nigeria Extractive Industries Transparency Initiative (NEITI) is determined to act on the audit report of the Hart Group on the petroleum industry, after over a year of its submission to ex-President Olusegun Obasanjo, is most reassuring, especially in the light of apprehension that the Initiative had lost steam since the exit of its pioneer and immediate past Chairperson, Mrs. Oby Ezekwesili.