The International Secretariat of the global Extractive Industry Transparency Initiative (EITI) has congratulated Dr. Orji Ogbonnaya Orji on his appointment as the Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI) by President Muhammadu Buhari.

A message from the Executive Director and Head of the International Secretariat based in Oslo, Norway - Mr Mark Robinson welcomed the appointment with excitement and pledged closer EITI working relationship with Nigeria under Dr. Orji’s leadership of NEITI.

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The Federation Account Allocation Committee (FAAC) disbursed a total of N2.054 trillion to the three tiers of government and other statutory recipients in the third quarter of 2020, despite COVID-19 pandemic and its attendant socio-economic consequences.

A breakdown shows that the Federal Government received N812.22 billion; state governments received N676.5 billion while local government areas got N429.16 billion. This was the first time that total disbursement has exceeded N2 trillion for a quarter in 2020.

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Reiterates Urgency of a New Petroleum Law

The Nigeria Extractive Industries Transparency Initiative (NEITI) has stressed the need for urgency in the consideration and enactment of a new petroleum industry legislation for Nigeria, considering the constantly changing circumstances and uncertainty surrounding the oil and gas sector globally.

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The network of the civil society, the media, rights groups, and community based organisations, CONTRANET has called on NEITI, the Federal Ministry of Petroleum Resources, Federal Ministry of Mines and Steel Development, NNPC, Mining Cadastre Office, CSOs and other stakeholders to work together to develop and adopt a Framework on the implementation of contract transparency in the extractive sector in Nigeria.

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