The Publish What You Pay (PWYP) Nigeria chapter has reiterated its dedication to enhancing governance in the extractive sector. The Nigerian chapter of Publish What You Pay (PWYP), a leading global civil society coalition working for transparency in the extractive sector, has reaffirmed its commitment to drive robust engagement on the governance of the country’s extractive sector. This commitment was announced following the conclusion of the Annual General Meeting (AGM) of the group held...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has praised Publish What You Pay (PWYP) Nigeria for its newly elected leadership. The Nigeria Extractive Industries Transparency Initiative (NEITI) has congratulated Publish What You Pay (PWYP) Nigeria on the emergence of its new leadership. This commendation was conveyed in a statement by Chris Ochonu, assistant director of communications & stakeholders’ management. The statement highlighted the optimism following PWYP’s recent Annual General Meeting (AGM) and the transparent electoral...
Dangote Refinery, a subsidiary of the Dangote Group, has been on an iconic journey since its conception in 2013. Here is a run through of its progression, successes and challenges over the years. Dangote Refinery, the largest single-train refinery in the world, owned by Dangote Group, was inaugurated on the 22nd of May 2023 in Lagos, Nigeria. At full operation, it is expected to have the capacity to process about 650,000 barrels of crude oil...
Stakeholders on fiscal management have demanded for openness in the country’s debt affairs. A panel of experts has advocated for responsible debt management, transparency and accountability from the executive, the national assembly and the Debt Management Office (DMO). They made this call at a recent National Policy Dialogue Fiscal Reforms and Debt Management, on June 10, 2024 organized by the OrderPaper Advocacy Initiative alongside various Civil Society Organizations (CSOs) including the Centre for Transparency Advocacy...
According to OrderPaper’s Epia, Nigeria’s debt increased by a startling 585% between 2015 and 2023, from N12.8 trillion to N87.91 trillion. The Executive Director, OrderPaper Advocacy Initiative, Oke Epia, has called on Nigerians to ensure government’s accountability in order to fix and block the loopholes and leakages in the public finances space. This is as he expressed hope that Nigeria’s economy will benefit from the amended Fiscal Responsibility Act (FRA), spurring growth and development. Epia...
Salam emphasized the need for increased accountability and collaboration between the public and private sectors to ensure effective governance and financial integrity in Nigeria The Chairman of the House Committee on Public Accounts, Rep. Bamidele Salam (PDP Osun), has emphasized the need for increased accountability and collaboration between the public and private sectors to ensure effective governance and financial integrity. Salam made this call at a recent event on Private Sector dialogue on public finance...
OrderPaper organised a dialogue centred on the pivotal role of private sector engagement to address public finance management in Nigeria. The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq has called on the private sector to actively engage with the public sector to uphold accountability and prudent management of public resources. Muruako made this known while speaking at a private sector dialogue on public finance management and fiscal reforms on Monday, June...
In a groundbreaking move toward environmental sustainability, President Tinubu’s directive mandates Ministries and Agencies to transition to CNG-powered vehicles. This bold step signifies a significant shift towards cleaner energy solutions, aiming to reduce carbon emissions and promote a greener future for Nigeria. However, what are the overall implications and the fine lines of this transformative policy change? In recent years, the world has witnessed a growing concern over environmental issues, particularly the adverse effects of...
What exactly is responsible for the recurrent fuel queues? Nigerians are Tired. Why hasn’t a lasting solution been found, 68 years later? Despite technological advancements and periodic promises of solutions by the government, the sight of long lines at petrol stations remains a regular occurrence, leaving many to wonder why this problem still plagues the nation. Nigeria National Petroleum Corporation Limited (NNPCL), the country’s profit-inclined state oil company, assures the public that it has rectified...
Having examined the concept of sustainability and the various reporting frameworks, it is reasonable and justifiable to be curious as it relates to Nigeria’s oil and gas industry. This piece seeks to break down this relationship with a throwback to where it all started – the history of the black gold in Nigeria. Key facts on Nigeria’s oil and gas Nigeria is a nation rich in natural resources, particularly oil and gas. As of July...
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