NEITI-BudgIT Archives - National Wire

BudgiT Calls On Oil And Gas Regulatory Bodies To Step Up Performance

January 29, 2019 0

Nigeria Extractive Industries Transparency Initiative (NEITI) – a body that shoulders the task of improving transparency and accountability in the management of revenues from natural resources – released last December the audit report of the oil and gas industry for 2016. Followingly, BudgIT has critically assessed the report and come up with salient analysis, demanding actions from regulatory bodies in …

NEITI: FG, States, LGs Shared N2.28tr in Third Quarter of 2018

November 19, 2018 0

Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of Nigeria’s government has witnessed a steady increase in three consecutive quarters of this year with N2.28 trillion shared in the third quarter (Q3) of 2018, the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed. NEITI, in a statement sent to THISDAY Sunday in Abuja, said out …

$26bn Contract Scam: A Further Reason To Pass PIB, Privatise NNPC BudgIT, OSIWA

October 9, 2017 0

While the nation awaits the outcome of Friday’s meeting between President Muhammadu Buhari and Minister of State for Petroleum, Dr. Ibe Kachikwu on one hand and Vice President Yemi Osinbajo and Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) over allegations of $26bn contracts awarded by the nation’s oil behemoth, Nigeria’s civic tech organisation, raising the …