News

Report on a pilot study that focuses exclusively and extensively on the sale of Nigeria’s share of crude oil and gas produced in 2017 has been released today in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI).

The Nigeria Extractive Industries Transparency Initiative (NEITI) has pledged to work closely with the Office of the Auditor General of the Federation to promote integrity in data collation, validation and management on revenues from extractive industries.

The Nigeria Extractive Industries Transparency Initiative (NEITI) says its constant engagement with the NNPC on its operations is based on the agencies mandate to promote corporate ethics, transparency and accountability in the governance of the country’s oil and gas industry.

The Nigerian Extractive Industry Transparency Initiative (NEITI) has been commended for setting and sustaining high transparency and accountability standards in the country’s oil, gas and mining sectors.

A beneficial owner’s register of companies operating in the extractive industries will soon be ready, the Nigeria Extractive Industries Transparency Initiative has stated.

The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with enthusiasm the appointment of Mr. Mele Kolo Kyari as the incoming GMD of NNPC by President Muhammadu Buhari. 

Civil Society Organizations have called on state governments that are benefiting from the 13% derivation to channel the fund strictly for the development of host communities where extractions of oil, gas and mining take place.