NEITI
NEITI: State Debt Payments Squeeze Grassroots Funds
The Nigeria Extractive Industries Transparency Initiative (NEITI) has sounded a strong alarm over what it describes as a “silent fiscal emergency” in Nigeria’s states, warning that excessive debt servicing is quietly draining funds meant for grassroots development, infrastructure, and essential public services. In its newly released Policy Brief titled “Beyond Federal Allocations: The Cost of […]
Tinubu, Otti Driving Economic Growth Through Oil and Mining – NEITI
In a significant endorsement of the current administration’s efforts in the extractive sector, the Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded President Bola Ahmed Tinubu and Abia State Governor, Alex Otti, for effectively utilizing oil and mining revenues to drive infrastructure development and economic transformation. The commendation came during an official inspection visit by […]
Stakeholders Charge New NNPCL GCEO on Transparency, Accountability
NEITI congratulated the newly appointed GCEO of NNPCL, Mr. Bayo Ojulari. They urged him to prioritize transparency, accountability, and good governance in the company’s operations. This call was made by the Executive Secretary of NEITI, Dr. Orji Ogbonnaya-Orji, in a congratulatory message to the new GCEO and board appointed by President Bola Tinubu. The Nigerian […]
FG Loses N9.3tn as Revenue-Generating Agencies Fail to Remit
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that revenue-generating agencies in Nigeria owe the federal government a staggering N9.3 trillion in unremitted liabilities. This amount is equivalent to approximately 72% of the federal government’s projected budget deficit of N13 trillion for 2025. The NEITI Executive Secretary, Ogbonnaya Orji, disclosed this information at a […]