The three tiers of government (federal, states and local governments) shared N2.788 trillion between January and June this year, a 38% increase on the N2.019 trillion shared in the first half of 2016.

This disclosure is contained in the NEITI Quarterly Review which focuses on disbursement from the Federation Accounts and Allocation Committee (FAAC).

The review was based on data obtained by NEITI at the meetings of FAAC and data from National Bureau of Statistics, Office of the Accountant General of the Federation, Federal Ministry of Finance and the Debt Management Office.

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The on-going Independent Audit of the Oil and Gas Industry covering 2015 by the Nigeria Extractive Industries Transparency Initiative (NEITI) has recorded 94% compliance by companies and relevant government agencies. Twelve companies topped the ranking table with a maximum score of 100%. The companies are Chevron Nigeria Ltd, Consolidated, Continental, Eroton, Esso Exploration and Production Nigeria.(Erha) EEPNL, Esso Exploration and Production Nigeria(Offshore East)EEPN(OE)L , Mobil Producing Nigeria Unlimited and Niger Delta Petroleum Resources.

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Nigeria Extractive Industries Transparency Initiative (NEITI), the Nigeria Sovereign Investment Authority (NSIA) and the National Orientation Agency (NOA) have agreed to work together in the areas of oil revenue savings and promotion of better attitude to public office.

The agencies reached this agreement at separate meetings with NEITI Executive Secretary, Waziri Adio. The meetings focused on exploring areas of inter-agency mutual cooperation. Mr Adio explained that while Nigeria Sovereign Investment Authority (NSIA) manages the Sovereign Wealth Fund derived from extractive revenues, the National Orientation Agency leads national campaign for attitudinal change and ethical values in the country.

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A popular saying admonishes us not to eat with ten fingers. This axiom is not a homily about table manners. It is a metaphor about the virtue of living prudently. A more prosaic rendering willgo like this: save a portion of your earnings for the possibility of emergencies in the here and now, and for the uncertainties of the future. Or put differently, always save for the proverbial rainy day. But both poetry and prose seem to elude us.

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A quarterly meeting of the NEITI National Stakeholders Working Group (NSWG) is expected to hold in Abuja, on August 11 at the NEITI Conference room.

The Chairman of the Board and Hon. Minister of Mines and Steel Development Dr. Kayode Fayemi, is expected to preside over the meeting. In preparation for the Board Meeting, various committees set up by the board on various thematic areas of NEITI’s mandate have commenced meetings to generate reports on what has been achieved so far for possible consideration at the Board Meeting.

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A media Non-Governmental Organization - African Centre for Media & Information Literacy (AFRIMIL), has endorsed the whistle blowing policy in Nigeria as part of the ongoing fight against corruption. The organization popularly called AFRIMIL, sought the collaboration of NEITI on the policy.

The two organizations also agreed to work together in support of the whistle blowing policy and the protection of whistle blowers.

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The SERVICOM unit in NEITI is designed to ensure efficient coordination and quality services to NEITI multi-stakeholders.

The NEITI Executive Secretary, Waziri Adio, made the disclosure while receiving the National Coordinator of SERVICOM, Mrs. Nnenna Akajemeli.

Adio explained that the decision to set up the SERVICOM unit is to ensure that all the various departments perform their duties efficiently to meet their expectations in line with NEITI’s mandates.

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