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NEITI
(redirected from Nigeria Extractive Industries Transparency Initiative)

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NEITINigeria Extractive Industries Transparency Initiative


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The statutory Nigeria Extractive Industries Transparency Initiative (NEITI) then criticised the upstream regulator for failing to verify royalty payments calculated by IOCs.
The Nigeria Extractive Industries Transparency Initiative (NEITI) in early 2007 said it saved about $1 bn for Nigeria in the oil and gas industry in 2004 and 2005 as a result of the checks it had initiated for the same period.
See Nigeria Extractive Industries Transparency Initiative, IAG Meeting & 2nd Year Anniversary of the NEITI, http://www.
 
 
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