The Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, has underscored the importance of stronger collaboration between the commission and the Nigeria Extractive Industries Transparency Initiative (NEITI), in the current drive by the fiscal authorities to promote transparency, accountability and improved revenue mobilisation and generation in the nation’s extractive industries.
Shehu made this remark last Friday when the NEITI Executive Secretary, Hon. Musa Sarki Adar, paid a courtesy visit to him at the commission’s headquarters in Abuja
He said: “RMAFC is delighted to receive the Executive Secretary and his delegation. Our relationship with NEITI is longstanding, strategic and mutually beneficial. We value NEITI’s work in promoting transparency and accountability in Nigeria’s extractive sector, and we are committed to deepening this partnership.
“NEITI has earned a strong reputation through its consistent efforts to uncover facts, reconcile information and promote openness. That work is important to the country and deserves the support of all stakeholders”, he added.
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The RMAFC boss commended the NEITI’s management for providing credible information on the operations and financial flows of the extractive industries, noting that its efforts had improved public understanding of the sector and strengthened accountability in the management of Nigeria’s natural resources.
While acknowleding the support of NEITI’s international partners and expressed the hope that stakeholders would continue to strengthen the organisation’s capacity in information gathering, data verification, revenue transparency and accountability, Shehu assured the NEITI’s leadership of the commission’s readiness on collaboration in data sharing, research, revenue monitoring and policy engagement.
In his remarks, the NEITI Executive Secretary described the relationship between both institutions as a long-standing partnership built on a shared commitment to transparency, accountability and improved revenue mobilisation.
Adar spoke on the RMAFC’s role in monitoring revenues accruing to the Federation Account and advising on measures to improve revenue collection and accountability, particularly in relation to Nigeria’s natural resources.
He maintained that reliable information on revenues generated from oil, gas and mining activities remained crucial in fiscal management, public accountability and informed decision-making.
The NEITI boss explained that NEITI’s independent reconciliation of financial and physical flows in the extractive industries provided useful data on revenues, payments, production, exports and company activities.
According to him, through stronger ties the NEITI’s reports can support RMAFC’s work in revenue monitoring, verification, policy analysis and the development of measures to improve revenue mobilization.
Adar further spoke about Nigeria’s presence at the ongoing 2026 Extractive Industries Transparency Initiative (EITI) implementation under the 2023 EITI Standard, describing it as an opportunity to demonstrate measurable progress in strengthening governance across the extractive industries.
He expatiated that the NEITI standard’s emphasis on data reliability, systematic disclosure, transparency of revenue flows and institutional collaboration aligned with RMAFC’s mandate and creates opportunities for deeper cooperation.
The NEITI’s Executive Secretary canvassed the need for stronger collaboration among NEITI, RMAFC and other relevant institutions in data sharing, revenue mobilisation, research, capacity building and policy dialogue in view of the far-reaching benefits to the country.
He said: “Our objective should be to build a more coordinated institutional framework for revenue assurance and resource governance. By working together, NEITI and RMAFC can strengthen oversight and support evidence-based policymaking.”
