Tag: NEITI

To Support President Bola Ahmed Tinubu’s Economic Recovery Plan, House of Representatives Receives 2021 NEITI Oil and Gas Report

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During the Wednesday plenary session, the House of Representatives received the 2021 Oil and Gas Report from the Nigerian Extractive Industries Transparency Initiative (NEITI) as part of its commitment to aid President Bola Ahmed Tinubu’s renewed hope for economic recovery and growth. This presentation, in accordance with section 4(3) of the NEITI Act, was made by Hon. Ikenga Ugochinyere, the Chairman of the Committee on Petroleum Resources Downstream, and co-sponsored by Hon. Alhassan Ado-Doguwa, Chairman of the Committee on Petroleum Resources Upstream. Upon receiving the report, the House referred it…

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Honorable Ugochinyere Reacts to NEITI Report for 2021, Calls for Reforms

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In response to the Nigeria Extractive Industries Transparency Initiative (NEITI) report for the year 2021, Honorable Ugochinyere has expressed deep concern over the underperformance of the solid mineral industry, emphasizing the need for urgent action to address the sector’s revenue challenges. He articulated his thoughts during the unveiling of the NEITI 2021 solid minerals report, where he addressed key issues highlighted in the NEITI report. Solid Mineral Revenue and Economic Impact Honorable Ugochinyere lamented the stark reality that the solid mineral industry contributed only 170 billion naira in revenue. This…

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