Kayode Shopekan
NIGERIAN Extractive Industries Transparency Initiative (NEITI) has announced its plan to digitalise and automate it’s audit data collection process from December 2021.
The announcement was made by Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, at the launch of the global Opening Extractives programme in Abuja.
Orji further stated that the ongoing Fiscal Allocations and Statutory Disbursement Report that tracks revenues receipts and utilization in resource-rich states and statutory recipients for the period 2016 -2019 will also be released next month.
Opening Extractives is a programme that will support Nigeria to implement reforms geared towards the disclosure of the ownership of extractive companies.
The NEITI Audit Management System (NAMS) will ensure real-time delivery of information and data by the covered entities involved in the NEITI audit exercise.
The NEITI boss explained that “The NAMS project will transit NEITI information/data gathering process from analogue to an automated/digital process, improving efficiency in time and resources while reducing human interference and error in the audit process.”
He also stated that the NEITI 2020 reports for the oil, gas and solid minerals have reached the final stages of completion and will be ready for release by the NEITI Board before the end of the year
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