In a recent publication by the Nigeria Extractive Industries Transparency Initiative (NEITI), the recurrent expenditure of 21 states is higher than their receipts from the federation accounts allocation committee (FAAC). A statement recently by Orji Ogbonnaya Orji (pictured), NEITI’s director
The Nigeria Extractive Industries Transparency Initiative (NEITI) has applauded the decision of the Federal Government to terminate cash call payments on Joint Venture Agreements with major international oil companies. Recall that in his 2017 budget speech, President Buhari made it clear that the Federal Government will no longer fund JVs from the Budget from January