Nigeria Extractive Industries and Transparency Initiative (NEITI) has explained its position on the removal of fuel subsidy and shown how such move will free the country’s economy from bondage.
Four Federal Government agencies have generated a total of N28.02 trillion in 3 years, the Nigeria Extractive Industries Transparency Initiative (NEITI) report has said.
Policy experts in the extractive sector have called on the federal government to ensure that the sector’s successor regulatory agencies hit the ground running with implementation of provisions related to contract transparency and beneficial ownership.
Policy Alert, a citizens’ group in Nigeria, has conceptualized a new project titled: #WetinWeGain2 – Putting citizens at the centre of beneficial ownership and contract transparency reforms in Nigeria.
The Nigeria Extractive Industries Transparency Initiatives (NEITI), says Nigeria earned 21 billion dollars from the oil and gas sector in 2017.
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that the country lost 41.9 billion dollars to stolen and refined crude oil products in ten years.
The Nigeria Extractive Industry Transparency Initiative (NEITI) on Monday called for urgent action on some of the remediation issues identified in its audit reports on the industry to ensure value on investment.