The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for sweeping reforms to reposition the country’s mining industry, warning that failure to act urgently will leave Nigeria lagging behind in the global green energy race. Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji, made the call in Abuja at the 5th West African Mining Host […]
BY MOTOLANI OSENI The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised alarm over disturbing misuse of the Freedom of Information (FOI) Act by individuals and faceless groups posing as civil society organisations (CSOs) and non-governmental Organisations (NGOs) with no track record, known address, or institutional credibility. Speaking at a Roundtable commemorating 14 years of […]
…as FG disbursement increases by 43% By Tunde Opalana Lagos State in 2024 received the highest allocation of N531.1 billion from the Federation Account. The Nigeria Extractive Industries Transparency Initiative (NEITI) which revealed this said the Federation Accounts Allocation Committee (FAAC) disbursed a total N15.26 trillion to the federal, state, and local governments in 2024. […]
…as Senate kicks against less than 1% contribution of solid minerals to GDP By Haruna Salami The Nigeria Extractive Industries Transparency Initiative (NEITI) declared that Nigeria requires injection of $200billion into gas infrastructure for maximization of the natural resources as the number one highest gas producer in Africa ninth in the World. This is as […]
BY MOTOLANI OSENI The Nigeria Extractive Industries Transparency Initiative (NEITI) has acknowledged the rehabilitation of the nation’s refineries, saying, the operationalisation of these refineries is a monumental step towards achieving energy self-sufficiency and fostering economic sustainability. While applauding the Nigerian National Petroleum Company Limited (NNPCL) on the successful completion of the first phase of the […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has emphasised the importance of accountability and transparency in the nation’s energy sector. Its Executive Secretary, Dr Orji Ogbonnaya Orji, said this at the Association of Energy Correspondents Annual Strategic International Conference on Thursday in Lagos. The theme of the 2024 conference is “Gas As Energy Transition Fuel […]
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. NEITI disclosed this on Thursday in Abuja at the public presentation of its 2022 and 2023 Independent Oil and […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will unveil its 2022/2023 reports on oil, gas and solid minerals industries on Sept. 24. Executive Secretary, NEITI, Dr Orji Ogbonnaya Orji, said this at the global Extractive Industries Transparency Initiative (EITI) media briefing on Friday in Abuja. He said NEITI focused more on content and […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the mismanagement of extractive revenues and other infractions in the country’s extractive sector is a violation of human rights. Dr Orji Ogbonnaya Orji, the Executive Secretary, NEITI, stated this in Abuja when he led a delegation of board, management of the agency and a coalition of […]
Nigeria Extractive Industries Transparency Initiative (NEITI) came tops in the latest Freedom of Information (FOI) transparency ranking. The transparency agency was adjudged second best among 250 other agencies of government who were ranked within the year, according to a statement on Sunday by Obiageli Onuorah, Head, Communications and Advocacy, NEITI. Dr Orji Ogbonnaya Orji, the […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has set up a Joint Inter-Agency Committee on the public disclosure of the contents of oil, gas and mining contracts. The contracts to be disclosed include terms and conditions set out in contracts for exploration and exploitation of Nigeria’s oil and gas assets under the Joint Operating Agreements, […]
The Nigeria Extractive Industries Transparency Initiative (NEITI), has inaugurated Opening Extractives in Nigeria, to tackle corruption and illicit financial flow for effective governance in the extractive sector. The programme would also transform availability of beneficial ownership information to respective stakeholders. The News Agency of Nigeria (NAN), reports that Opening Extractives is a global programme designed […]
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya Orji, has said that the agency had recovered over $3 billion dollars from underpayments by companies as against what the government received. Orji made this known at the 2022 budget defence session before the Senate Committee on Federal Character and Intergovernmental Affairs. He […]
Doosuur Iwambe, Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Corporate Affairs Commission (CAC), have resolved to establish joint coordination committee to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets. In a statement made available to journalists on Sunday evening, the Executive Secretary of NEITI, Dr. Orji […]
Doosuur Iwambe, Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), is collaborating to address issues of corruption and financial misconduct in the nation’s extractive industry. The Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji noted that both agencies have established a joint cooperation arrangement […]
Doosuur Iwambe, Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for closer collaboration and partnership with the civil society, oil, gas and mining companies towards the implementation of ongoing reforms in the extractive industry in Nigeria. This is just as NEITI regretted that out of the $75 billion foreign direct investment (FDI) flowing […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the Nigeria National Petroleum Corporation (NNPC) for publicly declaring its audited accounts for the first time in its history with the publication of its 2018 Audited Financial Statement (AFS) on its website. NEITI acknowledges that declaring the assets fulfils a pledge made by the GMD of […]
The latest audit report released by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the solid minerals sector contributed N69.47 billion to the nation’s federation revenue in 2018 alone. According to the report which was released to newsmen by NEITI’s Director, Communications & Advocacy, Dr. Orji Ogbonnaya Orji, the sector has contributed over […]
Abuja – The Nigeria Extractive Industries Transparency Initiative (NEITI), said in Abuja on Thursday that the Federal, States, Local Governments and other statutory recipients by the Federation Accounts and Allocation Committee (FAAC), shared N8.15 trillion in 2019. NEITI disclosed this on it quarterly report. It said that the figure is N377 billion or 4.42 per […]
Nigeria’s oil asset in 2019 alone shed a whopping loss of $2.75 billion to persistent in criminal activities of vandals and stealing of the nation’s oil. This is even as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) called on President Buhari to urgently escalate his intervention to stop criminal activities. Chairman of the […]