RemTrack Archives - OrderPaper

2025 Budget: Overview of the extractive sector | RemTracker

Timileyin OkunlolaJanuary 14, 20254 min

The extractive sector, including petroleum and solid minerals development, forms the bedrock of the economy of Nigeria The budget serves as a critical framework for any nation’s economic strategy, guiding financial allocations and shaping development priorities. It is an essential element of the economy, providing a comprehensive blueprint that outlines where funds will be directed and how they will be utilized to achieve government objectives. By establishing clear priorities, the budget plays a vital role...

House of Representatives RemTrack

All you need to know about the gas flaring bill | RemTracker

Timileyin OkunlolaDecember 23, 20246 min

Here are the key facts and tips on the gas flaring prohibition bill recently introduced in the House of Representatives Gas flaring is the controlled burning of natural gas that is released during crude oil extraction. While this practice is often employed to relieve pressure in oil wells and prevent explosions, it results in the emission of greenhouse gases, worsening climate change. Additionally, flaring represents a waste of valuable resources, as the gas being burned...

Citizens Speak RemTrack

REMTRACK: A tool for public accountability in Nigeria’s oil, gas and mining reforms

Op-ed EditorDecember 18, 202413 min

For over five decades, Nigeria has relied on its oil and gas sector for its major foreign exchange and revenue earnings. Environmental degradation, loss of livelihoods, strange diseases, lack of portable water etc unfortunately instead became the lot of the citizens in the host communities who wondered what went wrong in the midst of so much prospects, hopes and now, dashed dreams. Since the discovery of Oil in 1956, Nigeria has not transmuted to the...

House of Representatives RemTrack Senate

Gas flares, trust fund for Ajaokuta, and renewable energy for MDAs | RemTracker

Timileyin OkunlolaDecember 14, 20246 min

This week, RemTracker highlights key legislative initiatives aimed at enhancing safety standards in gas sites, promoting renewable energy, and addressing environmental challenges within Nigeria’s extractive sector, alongside the latest updates on the proposed federal university of mining and geo-sciences. Investigation into gas flaring safety standards On Tuesday in the House of Representatives, Rep. Harrison Anozie Nwadike (APC, Imo) called for an investigation into compliance with safety standards in gas flaring operations to protect lives in...

House of Representatives RemTrack Senate

Lithium, gas flares and local content | REMTRACKER

Timileyin OkunlolaDecember 7, 20246 min

RemTracker this week highlights legislative attention on lithium, gas flares, local content in the oil and gas industry, and the latest update on the south-south development commission. Close attention to lithium Rep. Victor Obuzor (PDP, Rivers) proposed a motion in the House of Representatives on Wednesday emphasizing the need to upscale the lithium industry and its value chain as a catalyst for driving energy sufficiency and economic growth. The motion cautions against repeating...

House of Representatives RemTrack Senate

NNPCL under scrutiny as mining reforms echo | REMTRACKER

Timileyin OkunlolaDecember 3, 20243 min

As national assembly plenary resumes today, this edition of RemTracker highlights discussions from last week on CNG and planned probe of NNPCL over non-remittance of funds Day of reckoning beckons for MDAs The House of Representatives is set to investigate revenue-generating agencies for revenue leakages and non-remittance of funds. This decision followed the consideration of the report from the House joint committee on finance, national planning, and economic development regarding the 2025-2027 Medium Term Expenditure...

Citizens Speak RemTrack

HallowMace, NILDS Hold Discussion on CNG Transition

Timileyin OkunlolaDecember 1, 20247 min

The transition to Compressed Natural Gas (CNG) has become a focal point of discussion across various sectors in Nigeria. This evolving agenda has sparked diverse debates regarding its benefits and challenges, leading to speculation about what is truly at stake. In an effort to contribute to this important dialogue, the HallowMace Foundation Africa, in collaboration with the National Institute for Legislative and Democratic Studies (NILDS), organized the 6th edition of its National Legislative Conference....

Business and Economy RemTrack Spotlight

NEITI launches research on energy transition

Timileyin OkunlolaNovember 30, 20244 min

Energy transition is increasingly at the forefront of national discussions in Nigeria, with many perspectives contributing to the dialogue The Nigeria Extractive Industries Transparency Initiative (NEITI) has officially launched a research initiative focused on the impacts of energy transition on Nigeria’s economy. This launch took place during a workshop in Abuja, where key stakeholders, experts, and policymakers gathered to discuss the study’s focus, approach, and methodology. This collaborative effort aims to refine the research framework...

National Assembly Politics Nuggets & Learning RemTrack

From Audit to Accountability: Engaging Citizens in Solid Minerals Remediation

Timileyin OkunlolaNovember 25, 20246 min

Solid mineral audit reports by the Nigeria Extractive Industries Transparency Initiative (NEITI) is just a first step in the journey towards accountability in the sector The Nigeria Extractive Industries Transparency Initiative (NEITI) plays a crucial role in ensuring accountability and transparency within the extractive sector, particularly in the solid minerals industry. As Nigeria seeks to diversify its economy beyond oil, the solid minerals sector presents a significant opportunity for growth and development. The latest NEITI...

RemTrack Spotlight

Tracking Transparency: The Importance of NEITI’s Audits for Nigerians

Timileyin OkunlolaNovember 25, 20246 min

Decades after discovering oil, many Nigerians still question the benefits of this abundant natural resource as they endure long queues at fuel stations and face daily challenges. The answer to this ancient challenge lies in the mismanagement of oil revenues, which has deprived citizens of their rightful benefits. To address these pressing issues, the Nigeria Extractive Industries Transparency Initiative (NEITI) was established to promote accountability and transparency within the extractive sector. By implementing rigorous audits...

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