NEITI cites resource mobilization as reason for oil industry audit

Orji 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.

He explained that the focus of its ongoing nationwide audit of the oil, gas and mining companies is targeted at ramping up domestic resources mobilization. According to a statement by Deputy Director/Head Communications & Stakeholders Management, Mrs. Obiageli Onuorah, in Abuja yesterday, Orji explained thatresource mobilization has become key to NEITI interventions in the industry as part of its mandates of enthroning transparency and accountability driven by public disclosure and blocking leakages.

NEITI said the sensitization workshop was organised to acquaint the agencies and companies covered by the report in the affected in the South-South and South-East zones with the templates designed for the exercise, sensitize stakeholders on the scope of the report and the data and information expected for the process.

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 .

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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.
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NEITI cites resource mobilization as reason for oil industry auditThe 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.
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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.
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