All over the world, resource-rich countries like Nigeria that depend on revenues from natural resources to finance annual budgets plan early to insulate themselves from price volatility in the international market… Continue reading Saving Nigeria’s Oil Revenues For The Rainy Day
Author: dev
Recession as Opportunity for Reversing Resource Curse
And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so… Continue reading Recession as Opportunity for Reversing Resource Curse
New Strategy Needed for the PIB
By December this year, the Petroleum Industry Bill (PIB) would have clocked sixteen years and eight months in the making, and more than eight and half years since it was… Continue reading New Strategy Needed for the PIB
CAMA AND THE EXTRACTIVE SECTOR
In 2013, Nigeria began its journey towards revealing the real owners of its assets in the extractive industries. By 2016, at the anti-corruption summit which took place in London, Nigeria’s… Continue reading CAMA AND THE EXTRACTIVE SECTOR
AS NNPC Joins Global EITI
The international development community was excited by the recent decision of the Nigeria National Petroleum Corporation (NNPC) to join the global Extractive Industries Transparency Initiative (EITI) as a supporting company.… Continue reading AS NNPC Joins Global EITI
PMB Appoints NEITI into the PIA Committee
13 September 2021 – President Muhammadu Buhari has approved the appointment of the Nigeria Extractive Industries Transparency Initiative (NEITI) into the Petroleum Industry Act (PIA) Implementation Steering Committee. Mr. President’s approval of the… Continue reading PMB Appoints NEITI into the PIA Committee
NEITI – ICPC Fortifies Joint Cooperation Agreement: Signs Memorandum of Understanding.
5 September 2021 – A memorandum of Understanding (MoU) has been signed between the Nigeria Extractive Industries Transparency Initiative – NEITI and the Independent Corrupt Practices and other Related Offences Commission… Continue reading NEITI – ICPC Fortifies Joint Cooperation Agreement: Signs Memorandum of Understanding.
Link EITI in Nigeria to Foreign Policy: NEITI Appeals to Foreign Affairs
August 20, 2021. The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) has appealed to the Minister of Foreign Affairs Mr. Godfrey Onyeama to take necessary measures to… Continue reading Link EITI in Nigeria to Foreign Policy: NEITI Appeals to Foreign Affairs
Signing of the New Petroleum Industry Law a Historic Development – NEITI
Abuja August 16, 2021. The Nigeria Extractive Industries Transparency Initiative (NEITI) has described as a historic development, the assent of President Muhammadu Buhari to the Petroleum Industry Law. The Executive… Continue reading Signing of the New Petroleum Industry Law a Historic Development – NEITI
NEITI EFCC Sign MoU to Curb Infractions, Prosecute and Enforce Sanctions in Nigeria’s Extractive Sector
Abuja July 28, 2021. A Memorandum of Understanding on joint cooperation between NEITI and the EFCC was signed today in Abuja. The Chief Executive Officers of the anti-corruption agencies, Dr… Continue reading NEITI EFCC Sign MoU to Curb Infractions, Prosecute and Enforce Sanctions in Nigeria’s Extractive Sector