NEITI cites resource mobilization as reason for oil industry audit

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji has declared that the need to mobilise domestic resources for the government was the reason behind the audit of the oil, gas and mining industries.

Dr Orji who disclosed this in Port Harcourt during the opening of a nationwide sensitization workshop on the conduct of the 2022-2023 industry reports of the extractive sector for companies in the South-South and South-East Zones explained that the focus of its ongoing nationwide audit of the oil, gas and mining companies is targeted at showering domestic resources mobilization.

The Executive Secretary of NEITI explained that the nationwide workshops were in line with the principles and standards of the global Extractive Industries Transparency Initiative .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NEITI’s Petroleum Industry audit to review licensing, contract awards processesThe Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, Wednesday, disclosed its audit of the oil and gas industry for 2022 and 2023 would go beyond just the reconciliation of revenues paid to the government to include processes for licensing and contract awards in the sector.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

NEITI made progress in 2022-2023 industry reportsThe Nigeria Extractive Industries Transparency Initiative (NEITI), says it has advanced progress in its conduct of the 2022-2023 industry reports of the oil, gas and mining sectors. NEITI said it is ongoing nationwide, assuring that it would be ready in five months.
Source: DailyPostNGR - 🏆 11. / 59 Read more »