None implementation of the recommendations of the Nigeria Extractive Industries Transparency Initiative (NEITI), in the oil and gas industry has been decried by NEITI. Executive Secretary of NEITI, Waziri Adio, said recently in Abuja that there are several reports with far-reaching recommendations that have been placed in the public domain with clear challenges of implementation. He urged the National Assembly to study the reports as important documents that would aid their oversight representative and law-making responsibilities. Speaking while receiving the members of the House of Representatives’ Committee on Petroleum Upstream, who were on monitoring and oversight visit to the NEITI Secretariat, 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. “We see the parliament as important partners not just because we are answerable to you, and we need you to approve our budget but because our reports can and should be inputs to your important work,” he added. Responding, the Chairman, House of Representatives Committee on Petroleum Upstream, Victor Nwokolo, expressed satisfaction over the impact of NEITI’s intervention in pushing for reforms in the extractive industries.]]>
