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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The federal government should take issues raised by the report seriously

The historical lack of transparency and accountability in the operation of the oil and gas sector in our country threw up a situation in which the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Corporation (NPDC) were alleged to have failed to remit $21.778 billion and N316.074 billion to the Federation Account. “Considering the difficulties the government has been facing in securing as little as $1billion foreign loan, recovering these funds will significantly enhance government’s fiscal position in the short term,” said the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) Mr. Waziri Adio. Mr. Adio rightly argued that these unremitted funds should be seen as low-hanging fruits for the current administration.

Details of the unremitted funds, according to NEITI’s latest Policy Brief, included an outstanding $1.7 billion from the transfer of eight oil mining leases (OMLs) to NPDC from the Shell JV and $2.2 million from four other OMLs to the same NPDC from the Agip JV. Others were: $148.3 million paid as cash calls on the transferred OMLs, $1.45 billion and N70 billion legacy liabilities of NPDC, N243 billion from domestic crude allocation to NNPC, and $15.8 billion paid to NNPC as NLNG dividends between 2000 and 2014.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for closer partnership with the civil society to enable it implement remedial issues contained in its reports of the oil and gas industry.

The Executive Secretary of NEITI, Waziri Adio, made the call in Abuja at a special workshop by Publish What You Pay, a leading Civil Society organisation working in the extractive sector in Nigeria.

The Executive Secretary explained that while it is the responsibility of NEITI to provide the information and data, it is the duty of the civil society to use the same information and data to hold government and companies accountable.

NEITI’s presentation at the workshop disclosed that Nigeria earned a total of $592.34 billion from the oil and gas sector from 1999 to 2014.

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A group of Social Media Influencers (SMI) has called on the Federal Government to put in place modern and appropriate metering equipment to measure accurately the quantity of crude oil produced in Nigeria.

This was contained in a communique issued by the group at the end of a capacity building workshop on “The role of New Media in reporting the extractive sector” organized by the Nigeria Extractive Industries Transparency Initiative (NEITI) for the SMIs in Lagos from 3rd to 5th May 2017.

Lamenting the negative effect of not knowing how much of Nigeria’s crude is produced or lifted due to inadequate metering facilities in the industry, the group noted that the installation of modern metering infrastructure is critical to curbing corruption and wastages in the sector.

The Social Media Practitioners’ call is consistent with recommendations of the various oil and gas industry audit reports by NEITI.

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