Tag Archives: oil revenue

Multidimensional Energy Expert, Abdulrazaq Hamzat, has called for the establishment of a Multidimensional Energy Accountability Taskforce (MEAT) to address what he described as a “breakdown in Nigeria’s energy governance system,” following revelations of over $300 billion in unaccounted crude oil revenue. Hamzat, who is also a member of the International Association of Energy Economics (IAEE) and the Nigeria Association of …

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has advised Nigeria to apply restraint in spending oil revenues, in view of the experience from economic recession and instability in the oil market. The agency said the time had come for the country to embrace a robust saving culture, irrespective of whether oil prices are low or high, noting the importance of …

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