NEITI reports that Nigeria’s oil and gas sector owes the government $6 billion and ₦66 billion in unpaid taxes and royalties, calling for urgent government action to recover the funds.
NEITI
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The Nigerian Extractive Industry Transparency Initiative (NEITI) has announced that it has recovered over $3 billion from the oil and gas sector, and identified over $20 billion more in unremitted …
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In the recent global EITI assessment, Nigeria secures a 72% score, showcasing its commitment to transparency in the extractive sectors
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Nigeria’s extractive sector, which comprises the oil, gas and solid minerals industries, contributed over ₦14 trillion to the federation account between January 2020 and December 2021, according to a report …
