NEITI to release reports on extractive industries

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that it has made advanced progress in its conduct of the 2022-2023 industry reports of the oil, gas and mining sectors which was ongoing nationwide and will be ready in five months.

The Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji, during a press briefing, said the report was being conducted by two indigenous independent administrators.

He added that NEITI had deployed its automated information-gathering infrastructure – The NEITI Audit Management System (NAMS) – for the conduct of the exercise to enhance data integrity and quality. 

For solid minerals, he pointed out the areas of information disclosure to include the regulatory framework; fiscal regime; roles of government entities and reforms; laws; and regulations relating to addressing corruption risks in the solid mineral sector.

He also pointed out that the independent administrators were to make observations and recommendations that would support policymaking and impact Nigeria’s oil, gas and mining sectors.