NEITI

FAAC Disburses N3.473trn To FG, State, LG In Q2- NEITI

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

NEITI Report Shows Slight Increase in FAAC Allocations The Federation Accounts Allocation Committee (FAAC) has disbursed N3.473 trillion to the federal, states, and local governments in the second quarter of 2024, reflecting a 1.42% increase compared to the first quarter. This information

September 17, 2024

Business·Finance & Economy

NEITI Reveals Why Nigerian States Are Backward

A total of N2.10 trillion was added to the recurrent expenditure of Nigerian states between 2020 and 2021 jacking up the deficit by 22.97 per cent to N1.16 trillion in 2021. This data emerged from the just-issued Nigeria Extractive Industries Transparency Initiative

November 13, 2023

Business·News

NEITI Report Reveals Nigeria’s N14 Trillion Fiscal Transparency Concerns

The Nigeria Extractive Industries Transparency Initiative (NEITI) uncovered the influx of N14.38 trillion into the nation’s federation account between 2020 and 2021. Dr. Orji Ogbonnaya Orji, NEITI’s Executive Secretary, delivered this eye-opening report during the unveiling of the 2020-2021 NEITI Fiscal Allocation

November 10, 2023

Business·News·Oil & Gas

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

Dr. Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), emphasized the urgent need for an estimated $20 billion per year to bridge the expanding gas infrastructure gap in Nigeria. Speaking at the Nigerian International Pipeline and Security

November 7, 2023

Business·News

Fuel Subsidy: NEITI Probes Fuel Consumption Figures

The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that it is conducting a study to determine the accurate consumption figure of fuel in the country because it does not believe in the figures being peddled by government agencies. The organisation, through

June 22, 2023

Business·Oil & Gas

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Nigeria’s Extractive Industries and Transparency Initiative (NEITI) has expressed its disagreement with President Muhammadu Buhari’s statement over the removal of fuel subsidy, which has suspended for 18 months in January. On Tuesday, President Buhari had said he rejected suggestions to remove the

June 22, 2022

Finance & Economy·News·Top Stories

Buhari Approves Inter-agency Panel To Recover N2.65trn Not Remitted By Oil Firms

AS Nigeria grapples with revenue shortfalls, President Muhammadu Buhari has given approval to Nigerian Extractive Industry and Transparency Initiative (NEITI) and some other anti-corruption agencies in the country to recover N2.65trillion unremitted by 77 companies in oil and gas sector.

October 10, 2021

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FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

NEITI Reveals Why Nigerian States Are Backward

NEITI Report Reveals Nigeria’s N14 Trillion Fiscal Transparency Concerns

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

Fuel Subsidy: NEITI Probes Fuel Consumption Figures

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Buhari Approves Inter-agency Panel To Recover N2.65trn Not Remitted By Oil Firms

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