Over 190 oil, gas, mining companies, agencies to undergo NEITI audit

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NEITI News

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The Nigerian Extractive Industries Transparency Initiative, NEITI, has revealed that its nationwide reconciliation and validation of revenues in the oil, gas, and mining sector will cover one hundred and ninety-eight, 198 extractive companies and government agencies.

The agency said out of the 198 companies, 63 are in the oil and gas industry, meeting the materiality threshold of a minimum royalty payment of five million dollars, $5m, while 135 companies, which met the materiality threshold of six million naira, N6m are from the solid minerals industry. The Executive Secretary of

industry reports.

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