Providing an update on its activities, the Nigeria Extractive Industries Transparency Initiative (NEITI) announced advancements made in conducting industry reports for the oil, gas, and mining sectors for 2022-2023.
NEITI confirmed that the process is currently underway nationwide and assured that it will be completed within the next five months.
In a briefing with journalists, Dr. Orji Ogbonnaya Orji, the Executive Secretary of NEITI, highlighted that the reports are being conducted by two independent administrators from Nigeria.
Dr. Orji mentioned, “NEITI has implemented its NEITI Audit Management System (NAMS), an automated information-gathering infrastructure, to ensure data integrity and enhance quality throughout the exercise.”
Specifically focusing on the solid minerals sector, the information covered includes the regulatory framework, fiscal regime, government entity roles, reform initiatives, laws, and regulations aimed at mitigating corruption risks in the solid mineral industry.
He emphasized that the goal of the independent administrators is to provide insights and recommendations that will contribute to policy development and positively impact Nigeria’s oil, gas, and mining sectors.