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N14 38tr remitted to federation account in two years — NEITI

A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the federal government-owned revenue-generating agencies remitted a total of about N14.3tr as revenue from the extractive sector between January 1, 2020 and December 31, 2021. The report titled, “Fiscal Allocation and Statutory Disbursement (FASD)” listed the revenue-generating agencies as: the Nigerian National…

Nigeria generalAbuja federal capital territoryShaakaa chiraOrji ogbonnayaSundung eldad jamesNigeria extractive industries transparency initiativeNigerian national petroleum company limitedSteel developmentNigerian upstream regulatory commissionNigeria customs serviceMinistry of minesCompany income taxRevenue serviceStatutory disbursementFederal inland revenue serviceExecutive secretary

NNPCL, NUPRC, others remitted N14 38trn to federation account

Revenue from other sources such as exchange gain, excess crude, other non-mineral, solid mineral, and NNPCL refunds a total of N972.705 billion was distributed among the three tiers of government.

Obiageli onuorahOgbonnaya orjiHead of communicationsNigeria extractive industries transparency initiativeNigerian national petroleum company limitedFederation accountSteel developmentNigerian extractive industries transparency initiativeNigerian upstream regulatory commissionNigeria customs serviceMinistry of minesCompany income taxRevenue serviceStakeholder managementFederal inland revenue serviceFiscal allocation

NEITI: NNPC Contribution to Federation Account Declined By 56% in Two Years

NEITI: NNPC Contribution to Federation Account Declined By 56% in Two Years
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Federal capital territoryAbuja federal capital territoryNigeria generalLagos stateOgbonnaya orjiEmmanuel addehShaakaa chiraNigeria customs serviceNigeria extractive industries transparency initiativeRevenue servicePetroleum profit taxSteel developmentNigerian upstream regulatory commissionMinistry of minesFederation mrCompany income tax

FG earns N14 4trn from extractive sectors in 2 years - NEITI reveals

FG earns N14 4trn from extractive sectors in 2 years - NEITI reveals
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Orji ogbonnayaNigerian national petroleum companySteel developmentRevenue serviceCompany income taxNigerian upstream regulatory commissionDepartment of petroleum resourcesMinistry of minesNigeria extractive industries transparency initiativeNigeria customs serviceNigerian upstream petroleum regulatory commissionFederation accountFiscal allocationStatutory disbursementExecutive secretaryNigerian national petroleum company limited

FG generates ₦14 4 trillion as revenue from extractive sector in 24 months

The federal government earned a total of ₦14.4 trillion as revenue from the extractive industry between January 1, 2020, and December 31, 2021. | Pulse Nigeria

Niger deltaNigeria generalOrji ogbonnayaNigerian national petroleum company limitedNigerian customs serviceNigeria sovereign investment authorityPetroleum technology development fundRevenue serviceDevelopment of natural resources fundNigerian upstream petroleum regulatory commissionTertiary education trust fund tetfundNigeria extractive industries transparency initiativeNiger delta development commissionNigerian content developmentStabilisation fundPetroleum resources agency