A National Body Responsible for Ensuring Transparency and Accountability in the Extractive Industries geared towards the Enhancement of National Development
NNPC Nigeria made public its audited accounts for the first time in its history with the publication of its 2018 Audited Financial Statement (AFS) on its website.
#transparency
#accountability
THREAD: For record purposes, we hereby clarify that the $22.06B & N481.75B that are yet to be remitted by the
@NNPCgroup
, NPDC & others to the Federation Account, reported in the media yesterday, are legacy issues arising from its audit reports for the period 1999 - 2015.
NNPC joins a group of over 65 extractive companies, state-owned enterprises (SOEs), commodity traders, financial institutions and industry partners to commit to observing the
@EITIorg
supporting company expectations.
Engagement with NNPC Management on Remedial issues outlined in NEITI's Audit Report. NEITI ES, Waziri Adio, Director- Dr Orji Ogbonnaya Orji and Mallam Saad Abubakar shortly after a meeting with the GMD,
@NNPCgroup
, Mele Kyari and his team recently at the NNPC Towers Abuja.
Just in📣 NEITI, NNPC resolves most audit Issues in Past Reports:
•11 issues deemed fully resolved, 8 issues categorized as being resolved, and one issue adjudged unresolved.
•NNPC commits to deepening transparency through systematic disclosure.
The Group Managing Director, NNPC and Member of the NEITI Board Mallam Mele Kyari Stormed the on-going Meeting of the Board today
@Waziriadio
@Orji_Ogbonnaya
@NNPCgroup
The Executive Secretary of NEITI, Waziri Adio on Nigeria's Validation by the Global
@EITIorg
.
Last month, Nigeria became the 1st Anglophone African country to have made "Satisfactory Progress" in implementing all the requirements of the EITI Standard.
@DigiCommsNG
@toluogunlesi
GMD
@NNPCgroup
@MKKyari
-Getting
@NNPCgroup
right is a task for all of us to better Nigeria. My colleagues and I will work with NEITI to achieve our commitments which are: Transparency, Accountability, Performance and excellence (TAPE).
#ExtractiveFacts
: Besides "Fuel", whatelse can we make from a 42-gallon barrel of crude? It's hard enough to go through this list but here are just 144 out of over 6000 possible items.
The Chief Finance Officer
@nnpclimited
, Alhaji Umar Ajia on a visit to NEITI House Abuja to consult with the Executive Secretary/CEO
@nigeriaeiti
Dr Orji Ogbonnaya Orji on implementation of recently released NEITI Oil & Gas Industry Report.
@DrOrjiOOrji
NEITI Executive Secretary,
@Waziriadio
-
@MKKyari
is a man we can vouch for. He is a transparency and accountability champion. NEITI is excited and pray that God helps him live and surpass the expectation of the citizens.
@NNPCgroup
#ThrowBackThursday
: "Many Nigerians express outrage. Outrage is Good, but it is NOT a Strategy"-
@Waziriadio
briefing the 8th Senate on NEITI Audits, issues in the extractive sector and responsibilities of vital.stakeholders in ensuring better governance of the extractive sector.
We Are Hiring: The Technical Department is a vital department driving NEITI in the exercise of it's mandate in the extractive industry. We have an opening for the position of a Director in this department. Kindly apply/RT, a good match might be on your timeline.
Good Luck!
Our oil & gas reserves will run out, & oil will soon run out of fashion based on what is happening around alternative energy & electric cars. We have wasted so much time, at enormous costs. The last best time to act was yesterday. The next is now - Waziri Adio on the
#PIB
.
#NEITIValidation
: Mr. Kyari of the
@NNPCgroup
speaking on the role of the NNPC in managing the Nigerian state's interests in the
#oil
and gas industry.
The NEITI Executive Secretary
@DrOrjiOOrji
- " We are here to pledge our support and are ready, willing and available to work with you and your team to build public trust and confidence in the extractive sector. "
ILLEGAL MINING MEETS TECH: An Australian Company, Africa Mutual Resources, solicits the support of FG on “Blockchain Technology” to track illegal mining in the country. Blockchain is a distributed database created by blockchain technology.
NEW ON
#NEITIQUARTERLYREVIEW
: FG, others shared N3.95TR in FIRST HALF of 2018:
-Revenues in Q2, 2018 the highest since Q3, 2014.
-Disbursements from VAT increased by 35% over 2015 figure.
-Total FAAC disbursements in Q2 2018 (N2.008 trillion) were 45.8% higher than in Q2 2017.
THREAD: All you need to know about the recent
#NEITIAuditReport
on the oil and gas sector.
Note: NEITI also tasks government on oil metering and recovery of $3.7billion outstanding revenues in this report.
EXECUTIVE SUMMARY - .
More on
#OpenData
: Active citizen,
@Tafeeda
continues with
@Followtaxes
to enhance Taxpayer Education & Fight Corruption. His aim is to tackle the opaque circle and the lack of simplicity in legal terms that guide budgeting, and taxation and other fiscal processes.
The latest
#NEITIAuditReport
on the Solid Minerals is out: "Revenues reported by the government from the solid minerals sector in 2015 amounted to N69.200 billion". Join us here at 10.am as we share highlights of the report and a link to the full report.
@MKKyari
-
@NNPCgroup
will do better than before in terms of proactive disclosure. We will be consistent in publishing our reports early and in a workable formats for people to use effectively.
On the 9th of Dec, 2018: The Executive Secretary of NEITI, Waziri Adio will be given the "Anti-Corruption Defender" Wole Soyinka Award for his public stance against corruption, evidenced by his work on transparency & accountability in Nigeria's extractive sector.
Nigeria is capable of generating N5 trillion yearly from mining and solid mineral exportation. Unfortunately, Nigeria is not among the top 10 exporters of gemstone in Africa despite having enormous potential in about 34 different mineral items -Nigerian Export Promotion Council.
The Ex. Sec of NEITI Dr Orji Ogbonnaya Orji, giving his welcome remarks- “On behalf of the of the NSWG, Management and Staff of NEITI, I welcome all our stakeholders to this occasion were we will be exposed to a world of data that our soon to release reports will produce.”
Illicit Financial Flows: IFFs have robbed Africa of the wealth & resources needed to invest in infrastructure, education, hospitals, electricity & many other necessities for sustainable and inclusive economic development" - Nigeria's
@FinMinNigeria
Minister, Zainab Ahmed on IFF.
Whatever decisions we take at the
@NNPCgroup
, it must be in the interest of the average Nigerian citizen. The PIGB is a critical part of the omnibus
#PIB
- Representative of NNPC GMD, Maikanti Baru @ the
#NEITISYMPOSIUM
.
NEITI Executive Secretary-
@Waziriadio
, admonishes
@SERAPNigeria
to take keen interest in the NEITI Reports as it focuses on the mainstay of the Country and looks forward to a strengthened relationship.
THREAD: Follow this thread for a breakdown of our latest
#QuarterlyReview
on Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the 3 tiers of govt. The 3 tiers of govt has witnessed a steady increase in 3 consecutive quarters of this year.
THREAD: We welcome, with excitement, the bold step by both chambers of the National Assembly to pass the Petroleum Industry Governance Bill (
#PIGB
). It was a bold, courageous and progressive decision taken by the
@NGRSenate
&
@HouseNGR
, considering how long it took to get here.
#OURPIGB
: Learn the basics about the
#PIGB
& the need for a new petroleum industry law.
With the passage of the
#PIGB
by the
@HouseNGR
yesterday, vital stakeholders are hopeful that the wait is almost over.
Infograph(c):
@BudgITng
.
NEITI and the CAC have resolved to establish joint coordination committee to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets under the country's implementation of
#BeneficialOwnership
policy of the global
@EITIorg
.
#NEITIMediaTraining
Day 2: Writing improves your speaking skills. Reading improves your writing skills. Your knowledge and ability to research elevates you at all times - Eugenia Abu.
Powered by
@TrustAfrica
.
It is untrue that
@NNPCgroup
does not respond to FOI requests - Representative of the GMD of NNPC participating in the Panel Discussions at the ongoing
#NEITISYMPOSIUM
.
NEITI ES
@DrOrjiOOrji
- "The CAC is responsible for keeping the register of all companies doing business in Nigeria while NEITI sits on info & data on the extractive industries. We therefore need each other to build a consolidated data base on beneficial ownership disclosures."
ES NEITI
@DrOrjiOOrji
-- -I charge CS actors to fully come on board and take up their expected roles in the EITI implementatn process,ensuring that data and information contained in the reports are used to push for policy reforms as well as tools to hold govt companies to acct.
"I assure the Global EITI, Development Partners, Companies and the CSO's that NEITI will be stronger, quicker and more responsive to our National and International obligations. A comprehensive agenda on the way forward will soon be unfolded" -
@DrOrjiOOrji
NEITI Exec. Secretary
The Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji at the 60th Birthday events of the founding chair of NEITI National Stakeholders Working Group & former member, EITI International Board, Dr(Mrs) Oby Ezekwesili held in Abuja.
@DrOrjiOOrji
@nigeriaeiti
@Onuorahobiageli
There was a time when for every single government policy, the student union had a stand. If every "Great Nigerian Student" actively lend a voice to government policies especially in the oil sector, things would be better - Uni Abuja Dean, Student Affairs, Professor Ajakaye.
This year, we plan to engage you on vital issues on transparency & accountability through chats here on this timeline. Our goal is to continue to
#openup
the sector & encourage better resource governance using our policy instruments & all recommendations there in.
#HappyNewYear
According to the Nigerian Content Development and Monitoring Board,
@officialncdmb
, a target of $14 billion in-country value retention has been set over the next 10 years for oil and gas supply chain.
OUR STRATEGIC PLAN: 2017 TO 2021- With the support of Facility for Oil Sector Transformation (FOSTER), a
@DFID_UK
Project, we present to you the NEITI
#StrategicPlan
. As widely requested, you can now Access here - .
Designed To Scale up Impact & Relevance.
#NEITIQuarterlyReport
attributes the 0.55% decrease in Q2 2020 to a couple of factors such as rebound in oil prices in Q2 as a result of ease of lock down by countries and the adjustment of the official exchange rate from N307/$1 to N360/$1 in March. 👉
Have you seen our latest Audit of Nigeria's Oil & Gas Sectors? The 2016
#NEITIAuditReport
is the most recent industry report available. Access here and await the 2017 & 2018 Audit Reports as soon as all needed data collated, and research completed.
France’s parliament has approved legislation banning all oil & gas production within the country & its overseas territories. By 2040, France will no longer grant new fossil fuel exploration permits or renew existing drilling permits in an effort to reduce carbon emissions.
Live from Lagos: The Executive Secretary of NEITI,
@Waziriadio
recieves the Wole Soyinka Award (Anti-corruption Defender) for his work on transparency and accountability in the extractive sector.
Happening live at the NEITI Secretariat - Opening of Expression of Interest proposal for conducting the 2017- 2019 Fiscal Allocation and Statutory Disbursement Audit.
“Nigeria’s plan to lift 100 million people out of poverty by the year 2060 will not be achieved if an inclusive approach is not taken by leadership''
@nafichinery
, West African Regional Manager,
@NRGInstitute
@nigeriaeiti
#HappyNewMonth
Coming soon : NEITI's latest occasional paper series. It promises to be interesting and enlightening as it sheds light on Nigerias endowed solid minerals sector, mineral distribution around the country and its economic and industrial potentials.
#NEITISYMPOSIUM
: The True Essence of Our Natural Resources is Only Realized When We Govern It's Usage in Ways that Would Aid Growth & National Development.
The Time is Ripe for a New Oil Sector Law. We Owe it To Our Nation. We Owe it to Ourselves.
JOIN US:
20/03/18.
9am.