NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed in its latest report that a total of N10.143 trillion was shared among the federal government, states, and local government councils from the federation account as statutory revenue allocations in 2023. According to a statement released Tuesday by its spokesperson, Obiageli Onuorah, the disclosure aims to enhance public accountability in the country’s public finance. She said the Executive Secretary of NEITI, Orji Ogbonnanya, made this…

Crude oil theft and pipeline vandalism have become a national emergency challenge, the Nigerian Extractive Industries Transparency Initiative (NEITI) has said. The Deputy Director/Head of Communications and Stakeholders’ Management at NEITI, Obiageli Onuorah, disclosed this in a statement on Tuesday. According to the statement, the Executive Secretary of NEITI, Ogbonnaya Orji, stated this in a keynote address presented at the Nigeria International Pipeline & Security Conference in Abuja on Monday. “With a…

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Thursday said the federal government revenue-generating agencies remitted a total of about N14.38 trillion as revenue from the extractive sector to the Federation Account (FA) between 1 January 2020, and 31 December 2021. The Deputy Director/Head of Communications and Stakeholders’ Management at NEITI, Obiageli Onuorah, in a statement on Thursday, said the revenue-generating agencies include the Nigerian National Petroleum Company Limited…