The Nigeria Extractive Industries Transparency Initiative (NEITI) said that it had assisted the Federal Government, through regular publication of credible and accessible critical data to recover, over $3 billion revenue from oil and gas companies operating in the country. The Executive Secretary of the organization, Waziri Adio, disclosed this in his speech at the International […]
Tag: Waziri Adio (Executive Secretary NEITI)
Oil Firms Fleecing Nigeria On Taxes, Royalties -NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Sunday accused oil and gas companies of fleecing Nigeria of taxes, royalties and other accruable revenues following government’s failure to review the Production Sharing Contracts (PSC) agreements with them. NEITI, in a statement in Abuja, disclosed that in the early years after the signing of the PSCs, […]