NEITI completes 2023 reports on oil, gas industry, says it'll enhance transparency

The National Stakeholders Working Group of the Nigeria Extractive Industries Transparency Initiative , says it has completed the 2022-2023 oil, gas, and solid minerals industry reports ahead of schedule.said Nigeria may be suspended if it fails to meet requirements for validation commencing January 1, 2026.

“This is not only a major milestone but also a powerful demonstration of our collective commitment to upholding the principles of transparency and accountability in Nigeria’s extractive industries.”Akume said the achievement fulfils key commitments made by President Bola Tinubu to the EITI delegation earlier this year.

“Together, we are setting new benchmarks for transparency and accountability in Nigeria’s extractive industries, and this is just the beginning,” he added.

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NEITI to audit accounts of 198 extractive companies, agenciesThe Nigerian Extractive Industries Transparency Initiative (NEITI) says a total of 198 extractive companies and government agencies have submitted information and data for the ongoing nationwide reconciliation and validation of revenues in the oil, gas, and mining industry.
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Over 190 oil, gas, mining companies, agencies to undergo NEITI auditThe 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.
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