NEITI

FAAC Disbursed N15.26trn To FG,States,LGs In 2024

The Federation Accounts Allocation Committee (FAAC) disbursed N15.26 trillion to the Federal, State, and Local Governments in 2024, Nigerian Extractive Industry Transparency Initiative (NEITI) FAAC Quarterly Review, released in Abuja on Tuesday

March 19, 2025

by Mohammed Shosanya

NEITI Recovers $4.85bn In Oil, Gas Debts

The Nigeria Extractive Industries Transparency Initiative (NEITI) has recovered $4.85 billion from unpaid liabilities owed by oil and gas companies in the country. At a press conference in Abuja, Dr. Orji Orji,

March 31, 2025

Oil&Gas

FG Considers Legal Action To Recover N2.66tr Oil Royalties

The Federal Government is considering legal action oil and gas companies that failed to remit outstanding taxes, royalties and levies to the Federation Account. The Nigeria Extractive Industries Transparency Initiative, NEITI, gave

July 14, 2022

Oil&Gas

Oil,Gas Sector Contributed 8.2% To Nigeria’s GDP In 2020 – NEITI

The 2020 oil and gas industry audit report released by Nigeria Extractive Industry Transparency Initiative (NEITI) showed that the oil and gas sector contributed only 8.16% to the total GDP in 2020. This

March 8, 2022

Oil&Gas

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