The Federation Accounts Allocation Committee (FAAC) has disbursed ₦3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly report has revealed. The report released in Abuja, on Monday, noted that amount rose by 41.4 per cent compared to ₦2.788 trillion disbursed in the […]
Read More The delay in passing the Petroleum Industry Bill (PIB) is said to have cost the country over $200 billion, the Executive Secretary of Nigerian Extractive Industry Transparency Initiative (NEITI), Mr. Waziri Adio, has disclosed. Adio stated this at a symposium on the Next Steps for PIB convened by NEITI in Abuja yesterday. A worried Adio […]
Read More The Nigeria Extractive Industries Transparency Initiative (NEITI) has commenced an extensive audit of the oil and gas sector for 2015 and 2016. Its Executive Secretary, Mr. Waziri Adio announced this in Lagos at a workshop for major oil companies and relevant government agencies expected to participate in the exercise. According to a statement endorsed by […]
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