In a global attempt to phase out fossil fuel, can Nigeria leverage its mineral resources to become a leading advocate for renewable energy, while upholding good climate practice and peace amongst the host communities? On the back of the COP28 Agreement for the world to shift from fossil fuels to renewable energy, it has become necessary to spotlight the mineral resources available in Nigeria that could move the country comfortably from the shackles of fossils...
The motion called for the probe of alleged diversion of billions from the natural resources development fund over the years The House of Representatives is set to investigate the usage of funds in the National Resources Development Fund established for the advancement of the solid minerals sector from 2002 to 2023. The House made this resolution at plenary on Thursday, December 21, 2023, following the adoption of a motion on the “need to investigate the...
The non-profit said the results of the global assessment testify to NEITI’s diligent commitment to discharging its mandate and called on the federal government to constitute the agency’s board without delay OrderPaper Advocacy Initiative (OAI), a non-governmental orgnisation focused on policy related engagement and intervention, has applauded the Nigeria Extractive Industries Transparency Initiative (NEITI) for scaling through an Extractive Industries Transparency Initiative (EITI) assessment with an impressive score. The OAI is an non-profit that seeks...
The extractive watchdog emphasized that its reports meet the highest global standards of accuracy and objectivity as recently affirmed in a recent global assessment of NEITI The Nigeria Extractive Industries Transparency Initiative (NEITI) has refuted claims that it concealed some information from its 2021 oil and gas industry report. NEITI, in a statement issued on Monday, described the claims as fictitious, and incorrect information from frivolous media reports. The agency emphasised its dedication to transparency...
Nigeria’s highly successful scaling of the EITI global assessment is a true testament to NEITI’s hard work Nigeria has successfully scaled through the final global assessment of the Extractive Industries Transparency Initiative (EITI). With high scores reaching 90 on data integrity, comprehensiveness of report, outcomes and impacts, contribution to economic growth and adherence to legal frameworks, Nigeria made an overall score of 72, according to a statement released by the Nigeria Extractive Industries Transparency Initiative...
Nigeria has the largest gas reserves in Africa and 9th largest in the world. The Nigeria Extractive Industries Transparency Initiative (NEITI), has expressed optimism that gas will play a major role in Nigeria’s transition to cleaner energy sources. This is even as it stressed the need for technology, innovation, exploration, production, and commercialization of gas to enable the country to meet the net zero target set for the year 2060. The Executive Secretary of NEITI,...
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