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NEITI Nigeria Profile picture
NEITI Nigeria
@nigeriaeiti
A National Body Responsible for Ensuring Transparency and Accountability in the Extractive Industries geared towards the Enhancement of National Development
Mar 5, 2019 • 12 tweets • 11 min read
HUGE REVENUE LOSSES TO THE FEDERATION: Did You Know? Nigeria Lost At Least $16bn over a 10-year period (between 2008 & 2017) due to Non-Review Of 1993 PSCs
goo.gl/mmMNGF.

Peep: @Open_Oil @pdfnigeria @simonkolawole @DrJoeAbah @Omojuwa @BBoason @seunonigbinde @HamzyCODE This is a a quantitative study by NEITI with support from @Open_Oil. This study indicates that the losses could be up to $28 billion if, after the review, the Federation were allowed to share profit oil from two additional licenses.

#1993PSCs.

@Johannxs @Mark_EITI @Brian4Dev.
Feb 12, 2019 • 27 tweets • 10 min read
WARNING: It's a THREAD! Join us here at 12PM Today as we help you slice up the latest #NEITIQuarterlyReview on 2018 FAAC Disbursement, including details and projections for the year 2019.

Kindly share with your followers @Johannxs @FinMinNigeria @Omojuwa @toluogunlesi @IsaOzo. THREAD: This review provides an overview of the Federal Accounts Allocation Committee (FAAC) disbursements to the three tiers of government in 2018. In addition, the review also makes revenue projections for 2019. Total FAAC Disbursements in 2018....
Nov 19, 2018 • 18 tweets • 11 min read
THREAD: Follow this thread for a breakdown of our latest #QuarterlyReview on Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the 3 tiers of govt. The 3 tiers of govt has witnessed a steady increase in 3 consecutive quarters of this year. The three tiers of government shared N2.28 trillion in Q3 of 2018. A breakdown shows that the Federal government received the highest sum of N904.8B, followed by states, which received N718.5B & Local governments (LGCs) receiving the lowest disbursements of N432.1B.
Oct 30, 2018 • 11 tweets • 5 min read
THREAD: For record purposes, we hereby clarify that the $22.06B & N481.75B that are yet to be remitted by the @NNPCgroup, NPDC & others to the Federation Account, reported in the media yesterday, are legacy issues arising from its audit reports for the period 1999 - 2015. The bulk of the outstanding amounts is from NLNG dividends from the period 2000 to 2015 & outstanding payments for the value of 12 Oil Mining Licenses (OMLs) divested to NPDC between 2011 and 2013.

#UnremittedFunds.

@DigiCommsNG @thecableng @AhmedRufaiI @adeyanjudeji.