Tag: NEITI
-
NEITI moves to recover $6bn, N66bn from oil stakeholders
Plans are underway to recover $6 billion and an additional N66 billion owed to the Federal Government by stakeholders in the oil sector.
-
FG generates N1.137tn from solid minerals 2007-2023 – NEITI report
The Nigerian Extractive Industries Transparency Initiative (NEITI) said the solid minerals sector contributed ₦1.137 trillion in direct payments to various government levels from 2007 to 2023.
-
Oil and gas industry owes FG $6bn, N66bn
The Nigeria Extractive Industries Transparency Initiative (NEITI), says outstanding collectible revenues due to the Federal Government in the oil and gas industry have risen to 6.071 billion dollars and N66.4 billion as at June 2024, respectively.
-
Over $23bn revenue generated by oil and gas in 2021 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021.
-
FAAC: How FG, States, LGs shared N4.37 trillion from January to June 2023
The three tiers of government – the Federal, States and Local Government Councils (LGs), shared a total of N4.37 trillion from the Federation Account as statutory revenue allocations between January and June 2023.
-
Nigeria requires $20bn annually for gas expansion projects – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure.
-
8 strategic considerations offered to Tinubu on fuel subsidy removal
The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the political will and sincerity of purpose demonstrated by President Bola Tinubu in removing fuel subsidy.
-
Forensic audit report indicts DPR for Nigeria’s oil loss
Nigeria’s huge oil loss estimated at 600, 000 barrels of crude per day has been a major source of concern to the government and stakeholders, prompting an investigation which has now indicted the Department of Petroleum Resources (DPR). Historically, Nigeria has been the largest exporter of oil in Africa, despite a lack of infrastructure that…
-
NDDC: Fractured but unbroken – By Dakuku Peterside
The inauguration of the Management Board of the Niger Delta Development Commission (NDDC) last week, the second under President Buhari, was greeted with mixed reactions by the people of the Niger Delta and most Nigerians. The people’s response is rooted in many issues, most of which are connected and straddling.
-
NEITI report: Reps committee invites NNPC, NDDC, others for investigation
The House of Representatives ad-hoc Committee on the recovery of outstanding debts owned by the Federal Government Oil and Gas companies in Nigeria, has invited the Nigeria National Petroleum Corporation (NNPC) and many others for investigation. Others invited include the Niger Delta Development Commission (NDDC), Federal Inland Revenue (FIRS), Upstream Regulatory Commission,