NEITI – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Wed, 23 Jul 2025 22:46:29 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png NEITI – InfoStride News https://www.theinfostride.com 32 32 FG Deducts States’ N800bn Allocations to Pay Foreign Debt https://www.theinfostride.com/fg-deducts-states-n800bn-allocations-to-pay-foreign-debt/ https://www.theinfostride.com/fg-deducts-states-n800bn-allocations-to-pay-foreign-debt/#respond Wed, 23 Jul 2025 22:50:52 +0000 https://www.theinfostride.com/?p=405830 The Federal Government has deducted N800 billion from state allocations to service Nigeria’s mounting foreign debt, a move that has sparked concerns among state governments over dwindling resources for development projects. The deductions were made from the monthly Federation Account Allocation Committee (FAAC) disbursements, further straining the finances of many states already grappling with revenue [...]

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]]> https://www.theinfostride.com/fg-deducts-states-n800bn-allocations-to-pay-foreign-debt/feed/ 0 Mining Sector Contributes N1.1 Trillion to Federation Account https://www.theinfostride.com/mining-sector-contributes-n1-1-trillion-to-federation-account/ https://www.theinfostride.com/mining-sector-contributes-n1-1-trillion-to-federation-account/#respond Thu, 31 Oct 2024 16:25:10 +0000 https://www.theinfostride.com/?p=392847 Nigeria’s mining sector has contributed a record N1.1 trillion to the federation account, marking a significant milestone for the industry. This achievement reflects the sector’s growing role in the nation’s revenue stream and underscores its potential to contribute meaningfully to Nigeria’s economic diversification efforts. The figures, disclosed in a recent report, show the results of [...]

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]]> https://www.theinfostride.com/mining-sector-contributes-n1-1-trillion-to-federation-account/feed/ 0 SGF Akume Tasks NEITI Inter-Ministerial Task Team on Transparency https://www.theinfostride.com/sgf-akume-tasks-neiti-inter-ministerial-task-team-on-transparency/ https://www.theinfostride.com/sgf-akume-tasks-neiti-inter-ministerial-task-team-on-transparency/#respond Tue, 28 May 2024 20:10:12 +0000 https://www.theinfostride.com/?p=379270 Senator George Akume, the Secretary to the Government of the Federation (SGF), has urged members of the Inter-Ministerial Task Team (IMTT) to prioritize transparency in their duties. He emphasized that the activities of the Nigerian Extractive Industries Transparency Initiative (NEITI) are closely monitored by the International Extractive Industries Transparency Initiative (EITI) and the press. The [...]

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]]> https://www.theinfostride.com/sgf-akume-tasks-neiti-inter-ministerial-task-team-on-transparency/feed/ 0 NEITI Faces Criticism for Releasing Outdated Data, Global Transparency Body Expresses Concerns https://www.theinfostride.com/neiti-faces-criticism-for-releasing-outdated-data-global-transparency-body-expresses-concerns/ https://www.theinfostride.com/neiti-faces-criticism-for-releasing-outdated-data-global-transparency-body-expresses-concerns/#respond Sat, 27 Jan 2024 15:28:34 +0000 https://www.theinfostride.com/?p=368897 The Nigeria Extractive Industries Transparency Initiative (NEITI) has come under scrutiny for reportedly releasing outdated data, drawing concerns from a global transparency body. The criticism centers on the importance of accurate and timely information in promoting transparency and accountability within the extractive industries. As Infostride News closely monitors these developments, comprehensive coverage will be provided, [...]

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]]> https://www.theinfostride.com/neiti-faces-criticism-for-releasing-outdated-data-global-transparency-body-expresses-concerns/feed/ 0 NEITI Collaborates with Oil Producers for Enhanced Transparency and Accountability https://www.theinfostride.com/neiti-collaborates-with-oil-producers-for-enhanced-transparency-and-accountability/ https://www.theinfostride.com/neiti-collaborates-with-oil-producers-for-enhanced-transparency-and-accountability/#respond Thu, 30 Nov 2023 10:57:51 +0000 https://www.theinfostride.com/?p=362795 InfoStride News and the Oil Producers Trade Section (OPTS) recently convened a crucial meeting with oil firms and miners to discuss strategies for enhancing transparency and accountability in Nigeria’s oil and gas as well as solid minerals sectors. Hosted in Lagos by OPTS, the forum saw the participation of the Nigeria Extractive Industries Transparency Initiative [...]

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]]> https://www.theinfostride.com/neiti-collaborates-with-oil-producers-for-enhanced-transparency-and-accountability/feed/ 0 NEITI Reports: Nigeria’s Oil and Gas Sector Rakes in $764.52 Billion Between 1999-2021 https://www.theinfostride.com/neiti-reports-nigerias-oil-and-gas-sector-rakes-in-764-52-billion-between-1999-2021/ https://www.theinfostride.com/neiti-reports-nigerias-oil-and-gas-sector-rakes-in-764-52-billion-between-1999-2021/#respond Sat, 25 Nov 2023 20:17:51 +0000 https://www.theinfostride.com/?p=362092 Dr. Ogbonnaya Orji, the Executive Secretary of the Nigerian Extractives Industries Transparency Initiative (NEITI), shared revealing statistics during his recent address at the Nigeria Energy Forum, hosted by InfoStride News. According to Dr. Orji, Nigeria’s oil and gas sector has generated a substantial $764.52 billion from 1999 to 2021. This impressive revenue is a testament [...]

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]]> https://www.theinfostride.com/neiti-reports-nigerias-oil-and-gas-sector-rakes-in-764-52-billion-between-1999-2021/feed/ 0 NEITI Report: Government Agencies Inject N14.38 Trillion into Federation Account in 24 Months https://www.theinfostride.com/neiti-report-government-agencies-inject-n14-38-trillion-into-federation-account-in-24-months/ https://www.theinfostride.com/neiti-report-government-agencies-inject-n14-38-trillion-into-federation-account-in-24-months/#respond Fri, 10 Nov 2023 16:16:18 +0000 https://www.theinfostride.com/?p=360090 Infostride News has reported that the Nigeria Extractive Industries Transparency Initiative (NEITI) disclosed a substantial revenue of ₦14.38 trillion generated by federal government agencies from the extractive sector. This information was shared by Dr. Orji Ogbonnaya Orji, the Executive Secretary of NEITI, during the presentation of the most recent Fiscal Allocation and Statutory Disbursement (FASD) [...]

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]]> https://www.theinfostride.com/neiti-report-government-agencies-inject-n14-38-trillion-into-federation-account-in-24-months/feed/ 0 NEITI: Nigeria Loses N471 Billion to Pipeline Vandalism in 5 Years, with 7,143 Incidents https://www.theinfostride.com/neiti-nigeria-loses-n471-billion-to-pipeline-vandalism-in-5-years-with-7143-incidents/ https://www.theinfostride.com/neiti-nigeria-loses-n471-billion-to-pipeline-vandalism-in-5-years-with-7143-incidents/#respond Tue, 07 Nov 2023 21:49:57 +0000 https://www.theinfostride.com/?p=359798 The Nigerian Extractives Industries Transparency Initiative (NEITI) has revealed alarming statistics concerning pipeline vandalism and its financial implications for Nigeria. Dr. Ogbonnaya Orji, the Executive Secretary of NEITI, disclosed these findings during a keynote address on pipeline security, oil theft, and their impact on economic growth at the 2023 International Pipeline Technology and Security Conference [...]

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]]> https://www.theinfostride.com/neiti-nigeria-loses-n471-billion-to-pipeline-vandalism-in-5-years-with-7143-incidents/feed/ 0 President Buhari finalizes NEITI, others’ plan to recover unremitted funds from 77 oil firms https://www.theinfostride.com/president-buhari-finalizes-neiti-others-plan-to-recover-unremitted-funds-from-77-oil-firms/ https://www.theinfostride.com/president-buhari-finalizes-neiti-others-plan-to-recover-unremitted-funds-from-77-oil-firms/#respond Tue, 19 Oct 2021 21:35:06 +0000 https://www.theinfostride.com/?p=310768 President Muhammadu Buhari has given the go-ahead to a coalition of anti-graft agencies, including the Nigeria Extractive Industries Transparency Initiative (NEITI), Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) to recover about N2.65 trillion unremitted funds by 77 oil companies [...]

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]]> https://www.theinfostride.com/president-buhari-finalizes-neiti-others-plan-to-recover-unremitted-funds-from-77-oil-firms/feed/ 0 Buhari approves NEITI, NFIU, others to recover N2.65 trillion from oil companies https://www.theinfostride.com/buhari-approves-neiti-nfiu-others-to-recover-n2-65-trillion-from-oil-companies/ https://www.theinfostride.com/buhari-approves-neiti-nfiu-others-to-recover-n2-65-trillion-from-oil-companies/#respond Sat, 09 Oct 2021 22:47:28 +0000 https://www.theinfostride.com/?p=309963 President Muhammadu Buhari has confirmed approval of the Nigeria Extractive Industries Transparency Initiative (NEITI) and other anti-corruption agencies like the Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) to recover about N2.65 trillion unremitted funds from 77 oil companies operating [...]

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]]> https://www.theinfostride.com/buhari-approves-neiti-nfiu-others-to-recover-n2-65-trillion-from-oil-companies/feed/ 0 NEITI joins forces with EFCC and NFIU to recover N2.66 trillion owed by oil firms https://www.theinfostride.com/neiti-joins-forces-with-efcc-and-nfiu-to-recover-n2-66-trillion-owed-by-oil-firms/ https://www.theinfostride.com/neiti-joins-forces-with-efcc-and-nfiu-to-recover-n2-66-trillion-owed-by-oil-firms/#respond Wed, 29 Sep 2021 22:06:20 +0000 https://www.theinfostride.com/?p=309203 It was disclosed in the early hours of the day that the Nigeria Extractive Industries Transparency Initiative (NEITI) has signed a Memorandum of Understanding (MoU) with the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission, and the Nigerian Financial Intelligence Unit (NFIU) to recover the N2.66 trillion from 77 [...]

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]]> https://www.theinfostride.com/neiti-joins-forces-with-efcc-and-nfiu-to-recover-n2-66-trillion-owed-by-oil-firms/feed/ 0 NEITI finalizes pact with NNPC, DPR on contract transparency https://www.theinfostride.com/neiti-finalizes-pact-with-nnpc-dpr-on-contract-transparency/ https://www.theinfostride.com/neiti-finalizes-pact-with-nnpc-dpr-on-contract-transparency/#respond Sat, 05 Jun 2021 09:36:45 +0000 https://www.theinfostride.com/?p=296042 In a move towards deepening transparency, the Nigeria Extractive Industries Transparency Initiative (NEITI) has secured the trust of the Department of Petroleum Resources (DPR) and the Nigerian National Petroleum Corporation (NNPC) to ensure that the terms of all contracts signed in the petroleum sector are open and totally accessible to Nigerians as required by the [...]

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]]> https://www.theinfostride.com/neiti-finalizes-pact-with-nnpc-dpr-on-contract-transparency/feed/ 0 Ibrahim Magu Should Be Praised For His Fight Against Corruption – NEITI https://www.theinfostride.com/ibrahim-magu-should-be-praised-for-his-fight-against-corruption-neiti/ Wed, 20 Nov 2019 00:29:42 +0000 https://www.theinfostride.com/?p=241252 The Nigerian Extractive Industries Transparency Initiative (NEITI) has praised the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu for EFCC’s success since 2015. According to the group, EFCC has done remarkably well in the areas of convictions and recoveries in the last four years. Revealing this recently, at EFCC headquarters, the [...]

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]]> Nigeria Lost $41BN To Oil Theft From 2009 Till 2018 — NEITI https://www.theinfostride.com/nigeria-lost-41bn-to-oil-theft-from-2009-till-2018-neiti/ Wed, 06 Nov 2019 20:21:48 +0000 https://www.theinfostride.com/?p=240462 Nigeria Extractive Industries Transparency Initiative, NEITI, has said that crude oil and refined petroleum products valued at $41.9 billion were stolen from Nigeria in one decade, from 2009 to 2018. In a recent statement released in Abuja titled “Stemming the Increasing Cost of Oil Theft to Nigeria,” NEITI said Nigeria lost $38.5 billion on just [...]

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]]> NEITI Collaborate With EFCC To Enforce Accountability https://www.theinfostride.com/neiti-collaborate-with-efcc-to-enforce-accountability/ Tue, 05 Jul 2016 17:29:13 +0000 http://www.theinfostride.com/?p=134857 The Nigeria Extractive Industries Transparency Initiative (NEITI) is to sign a pact with the Economic and Financial Crimes Commission (EFCC) in a bid to enforce accountability in the extractive sector. The Director of Communications of NEITI, Dr Orji Ogbonnaya Orji, made the disclosure on Tuesday in Lagos. He was speaking at a capacity building training [...]

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]]> EFCC And NEITI Partner On Anti-Graft War https://www.theinfostride.com/efcc-and-neiti-partner-on-anti-graft-war/ Sat, 18 Jun 2016 14:11:40 +0000 http://www.theinfostride.com/?p=132229 The Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, has expressed the readiness of his agency to collaborate with the Economic and Financial Crimes Commission (EFCC) in tackling corruption in the Nigeria by reporting serious infractions that violate the country’s constitution. He made this disclosure on Friday, June 17, 2016 during a [...]

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]]> Nigeria Set To Partner US On Geographical Data To Improve Mining Sector https://www.theinfostride.com/nigeria-set-to-partner-us-on-geographical-data-to-improve-mining-sector/ Mon, 11 Jan 2016 13:44:15 +0000 http://www.theinfostride.com/?p=117921 Dr. Kayode Fayemi, the Minister of Solid Minerals Development, has disclosed that Nigeria and the United States (US) are to commence technical cooperation in geological data to improve the Nigerian solid minerals sector. He stated this when the US Ambassador to Nigeria, His Excellency James Enstwistle paid him a courtesy call. The minister said some of the issues confronting the [...]

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]]> Oil and Gas Companies Paid $239bn Royalty To Nigeria In 7yrs – NEITI https://www.theinfostride.com/oil-and-gas-companies-paid-239bn-royalty-to-nigeria-in-7yrs-neiti/ Fri, 04 Dec 2015 20:00:56 +0000 http://www.theinfostride.com/?p=110365 The Nigeria Extractive Industries Transparency Initiative (NEITI) says 42 oil and gas companies operating in the country paid a total of $293 billion to the Federal Government between 2006 and 2012. According to the organisation’s Acting Executive Secretary, Dr Orji Ogbonnaya Orji, the money was paid by oil companies as taxes, royalty, dividends etc to [...]

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]]> EFCC, ICPC Cannot Help Buhari’s Fight Against Corruption, Former NEITI Chairman Says | #Nigeria https://www.theinfostride.com/efcc-icpc-cannot-help-buharis-fight-against-corruption-former-neiti-chairman-says-nigeria/ Wed, 19 Aug 2015 15:30:50 +0000 http://www.theinfostride.com/2015/08/efcc-icpc-cannot-help-buharis-fight-against-corruption-former-neiti-chairman-says-nigeria/ Prof. Assisi Asobie Former Chairman of the Nigeria Extractive Industries Transparency Initiative (NEITI), Prof. Assisi Asobie has slammed the National Assembly for not doing enough to fight corruption in the country. Asobie, who noted that the country should not concentrate on the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other [...]

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