The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for the transfer of all the country’s oil revenue savings into the custody of the Nigeria Sovereign Investment Authority (NSIA).

In an Occasional Paper tittled ‘‘the case for a robust oil savings fund for Nigeria”, NEITI stated that its position was informed by the transparency rating of the NSIA by the global Sovereign Wealth Institute. The NSIA had scored 9 out of 10 on the Sovereign Wealth Institute’s transparency index, the highest score by any African Sovereign Wealth Fund.

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The United Nations Office on Drugs and Crime (UNODC) has identified the support of the Media as critical success factor in Nigeria’s anti-corruption campaign.

Addressing the closing ceremony of a special meeting for Journalists working closely with anti –corruption agencies in Lagos, the Country Director, Ms Christina Albertin underlined the need for the media to embrace evidence-based reporting of anti-corruption practice in Nigeria.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed commitment to partner with students in Social Science, Economics and Commercials on extractive industries governance.

This commitment was made through the NEITI’s Team lead Outreach Mr. Chris Ochonu, at the inception meeting between NEITI and Executives of the International Association of Students in Economic and Commercial Sciences (AIESEC), held recently at University of Abuja, Gwagwalada Campus.

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The Nigeria Extractive Industries Transparency (NEITI) said it has confidence in the ongoing efforts by the current leadership at the Ministry of Mines and Steel Development to reform and transform the Nigerian mining sector.

The Executive Secretary of NEITI, Mr. Waziri Adio, stated this recently, while playing host to executive members of Women in Mining, Nigeria (WiMN) led by its President, Hon. (Engr.) Janet Adeyinka at the NEITI Secretariat in Abuja.

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All is now set for the 6th Sustainability in the Extractive Industry (SITEI) conference scheduled to hold in Abuja from the 19th-20 July 2017.

The conference jointly organized by CSR-in-Action and the NEITI is to stimulate debates, evolve strategies, and contribute to government’s plans of building local capacity for the Extractive Industries in Nigeria.

The Chief Executive Officer of CSR-in-Action, Mrs Bekeme Masade said the focus of the conference will be on the 7 Big Wins of the NNPC and the 20- point agenda to end militancy in the Niger Delta of the Oil & Gas sector as identified by the government.

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Two civil society organizations, the Social Action and Global Rights, are partnering with NEITI to organize a capacity building program for CSOs in the extractive sector.

The workshop is aimed at exposing participants to the ongoing reforms in Nigeria’s oil, gas and solid minerals sectors. It is also part of the effort to respond to CSO remedial issues flagged up by the EITI in the last validation exercise. Participants expected at the workshops are civil society organizations, media, development partners, policy makers, members of relevant committees of the National Assembly, relevant government agencies and extractive companies.

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Abuja; 14th June 2017: The attention of the Nigeria Extractives Industries Transparency Initiative (NEITI) has been drawn to misrepresentations and inaccuracies in some sections of the media arising from publications based on its recent presentation at a public hearing organized by the House of Representatives.

The House of Representatives Ad Hoc Committee had invited NEITI to its public hearing held on the 8th of June 2017 on alleged $17billion undeclared crude oil and liquefied natural gas exports to global destinations.

NEITI was misquoted or misrepresented by certain publications on the facts it presented to the Committee on the revenue losses to the federation due to crude oil theft and unremitted funds to the federation.

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