June 18, 2024

NEITI made progress in 2022-2023 industry reports – Agency

The Nigeria Extractive Industries Transparency Initiative (NEITI), says it has advanced progress in its conduct of the 2022-2023 industry reports of the oil, gas and mining sectors.

NEITI said it is ongoing nationwide, assuring that it would be ready in five months.

Dr Orji Ogbonnaya Orji, the Executive Secretary of NEITI, while briefing newsmen, explained that the report was being conducted by two indigenous independent administrators.

According to him, “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.”

He explained that for solid minerals, the areas of information 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.

According to him, the independent administrators were to make observations and recommendations that would support policymaking and impact Nigeria’s oil, gas and mining sectors.

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