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

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NEITI Notícia

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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