NEITI Seeks Parliament’s Support On “Wider” Oil Sector Reforms

The Nigeria Extractive Industries Transparency Initiative (NEITI) has renewed its appeal to the National Assembly to use the findings of its audit reports to push for “wider reforms in the oil and gas industry.”
Waziri Adio, NEITI Executive Secretary, made the appeal Thursday in Abuja while receiving members of the House of Representatives’ Committee on Petroleum Upstream who were on monitoring and oversight visit to the NEITI Secretariat.
Mr. Adio explained that NEITI reports contain detailed information and data on company payments and government receipts as well as the process lapses and remedial actions required in the industry.
He expressed concerns that several reports with far-reaching recommendations have been placed in the public domain with clear challenges of implementation and urged the National Assembly to study the reports as important documents that would aid their oversight representative and law-making responsibilities.
Commending the National Assembly for the passage of the Petroleum Industry Governance Bill (PIGB) Mr Adio noted that the development is in support of the mandate of NEITI, fundamental to strengthening reforms in the industry and key to promoting investments and better revenue generation.
Chairman House of Representatives Committee on Petroleum Upstream, Hon Victor Nwokolo, in his response expressed satisfaction over the impact of NEITI’s intervention in pushing for reforms in the extractive industries and reaffirmed the committees commitment to support NEITI in its role as watch dog of the oil and gas industry.

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