The Nigeria Extractive Industries Transparency Initiative (NEITI) 2015 oil and gas sector audit covered a total of 76 entities made up of 54 oil and gas companies, 10 government agencies, seven power generating companies, the refineries, Nigeria Liquefied Natural Gas (NLNG) and Nigeria Gas Company (NGC).
The report showed that $24.791 billion accrued to the federation and sub-national government from the sector in 2015. This is the least revenue government has earned from the sector in the last five years.
However, the audit again, threw up a plethora of issues and process failures in the Nigerian oil and gas industry
See report here:
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