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National Assembly Politics Nuggets & Learning RemTrack

From Audit to Accountability: Engaging Citizens in Solid Minerals Remediation

Timileyin OkunlolaNovember 25, 20246 min

Solid mineral audit reports by the Nigeria Extractive Industries Transparency Initiative (NEITI) is just a first step in the journey towards accountability in the sector The Nigeria Extractive Industries Transparency Initiative (NEITI) plays a crucial role in ensuring accountability and transparency within the extractive sector, particularly in the solid minerals industry. As Nigeria seeks to diversify its economy beyond oil, the solid minerals sector presents a significant opportunity for growth and development. The latest NEITI...

RemTrack Spotlight

Tracking Transparency: The Importance of NEITI’s Audits for Nigerians

Timileyin OkunlolaNovember 25, 20246 min

Decades after discovering oil, many Nigerians still question the benefits of this abundant natural resource as they endure long queues at fuel stations and face daily challenges. The answer to this ancient challenge lies in the mismanagement of oil revenues, which has deprived citizens of their rightful benefits. To address these pressing issues, the Nigeria Extractive Industries Transparency Initiative (NEITI) was established to promote accountability and transparency within the extractive sector. By implementing rigorous audits...

Business and Economy National Assembly Politics RemTrack

Reform imminent as first mining university is proposed | REMTRACKER

Timileyin OkunlolaNovember 25, 20242 min

This inaugural edition of RemTracker discusses a mining reform bill and proposal for a dedicated university on the extractive resource Amendment of the Nigerian Minerals and Mining Act The Nigerian Minerals and Mining Act of 2007 has served as the legal framework for the exploration and exploitation of mineral resources in Nigeria for over a decade. However, the evolving dynamics of the global mining industry and Nigeria’s quest for sustainable development have revealed significant gaps...

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PWYP Nigeria reaffirms commitment to extractive sector governance

Timileyin OkunlolaOctober 8, 20243 min

The Publish What You Pay (PWYP) Nigeria chapter has reiterated its dedication to enhancing governance in the extractive sector. The Nigerian chapter of Publish What You Pay (PWYP), a leading global civil society coalition working for transparency in the extractive sector, has reaffirmed its commitment to drive robust engagement on the governance of the country’s extractive sector. This commitment was announced following the conclusion of the Annual General Meeting (AGM) of the group held...

Business and Economy RemTrack

NEITI commends PWYP on new leadership

Timileyin OkunlolaOctober 8, 20242 min

The Nigeria Extractive Industries Transparency Initiative (NEITI) has praised Publish What You Pay (PWYP) Nigeria for its newly elected leadership. The Nigeria Extractive Industries Transparency Initiative (NEITI) has congratulated Publish What You Pay (PWYP) Nigeria on the emergence of its new leadership. This commendation was conveyed in a statement by Chris Ochonu, assistant director of communications & stakeholders’ management. The statement highlighted the optimism following PWYP’s recent Annual General Meeting (AGM) and the transparent electoral...

House of Representatives RemTrack

Dangote Refinery: Key timelines of a beleagued petro-dollar plant

Timileyin OkunlolaJuly 22, 20248 min

Dangote Refinery, a subsidiary of the Dangote Group, has been on an iconic journey since its conception in 2013. Here is a run through of its progression, successes and challenges over the years. Dangote Refinery, the largest single-train refinery in the world, owned by Dangote Group, was inaugurated on the 22nd of May 2023 in Lagos, Nigeria. At full operation, it is expected to have the capacity to process about 650,000 barrels of crude oil...

RemTrack

Dialogue: Panel calls for responsible debt management, transparency, and accountability

Leah TwakiJune 14, 20243 min

Stakeholders on fiscal management have demanded for openness in the country’s debt affairs. A panel of experts has advocated for responsible debt management, transparency and accountability from the executive, the national assembly and the Debt Management Office (DMO). They made this call at a recent National Policy Dialogue Fiscal Reforms and Debt Management, on June 10, 2024 organized by the OrderPaper Advocacy Initiative alongside various Civil Society Organizations (CSOs) including the Centre for Transparency Advocacy...

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Ensure FG’s accountability to fix loopholes in public finances space – Epia

Sharon EboesomiJune 13, 20246 min

According to OrderPaper’s Epia, Nigeria’s debt increased by a startling 585% between 2015 and 2023, from N12.8 trillion to N87.91 trillion. The Executive Director, OrderPaper Advocacy Initiative, Oke Epia, has called on Nigerians to ensure government’s accountability in order to fix and block the loopholes and leakages in the public finances space. This is as he expressed hope that Nigeria’s economy will benefit from the amended Fiscal Responsibility Act (FRA), spurring growth and development. Epia...

RemTrack

Rep Salam calls for transparency and cooperation between public and private sectors

Leah TwakiJune 9, 20243 min

Salam emphasized the need for increased accountability and collaboration between the public and private sectors to ensure effective governance and financial integrity in Nigeria The Chairman of the House Committee on Public Accounts, Rep. Bamidele Salam (PDP Osun), has emphasized the need for increased accountability and collaboration between the public and private sectors to ensure effective governance and financial integrity. Salam made this call at a recent event on Private Sector dialogue on public finance...

RemTrack

Uphold accountability and prudent management of public resources – FRC charges private sector

Sharon EboesomiJune 7, 20244 min

OrderPaper organised a dialogue centred on the pivotal role of private sector engagement to address public finance management in Nigeria. The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq has called on the private sector to actively engage with the public sector to uphold accountability and prudent management of public resources. Muruako made this known while speaking at a private sector dialogue on public finance management and fiscal reforms on Monday, June...

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