Tag: neiti

Business
NEITI: Nigeria generates $742 billion from oil revenue over 21 year period

NEITI: Nigeria generates $742 billion from oil revenue over 21 year period

AGS

Between 1999 and 2020, spanning approximately 21 years, the Nigeria Extractive Industries Transparency Initiative (NEITI) reported that Nigeria garnered a total of $741.5 billion from the oil and gas sector and N635.3 billion from solid minerals. NEITI’s Executive Secretary, Ogbonnaya … Continue reading NEITI: Nigeria generates $742 billion from oil revenue over 21 year period

Business
Nigeria lost N16.25 trillion due to oil theft between 2009 and 2020, NEITI reports

Nigeria lost N16.25 trillion due to oil theft between 2009 and 2020, NEITI reports

AGS

The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported significant economic losses for Nigeria due to crude oil theft and sabotage of crude assets during the period of 2009 to 2020, amounting to approximately N16.25 trillion. Crude oil barrels unaccounted … Continue reading Nigeria lost N16.25 trillion due to oil theft between 2009 and 2020, NEITI reports