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OPEN LETTER TO PRESIDENT UMARU MUSA YAR’ADUA ON NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (NEITI) ACT |
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We the undersigned members of the Publish What You Pay Nigeria
Campaign, a coalition of over 200 non-governmental organizations
working to ensure transparency and accountability in Nigeria’s extractive
industry wishes to draw the attention of the Federal Government on the
need to put into operation the Nigeria Extractive Industries Transparency
Initiative (NEITI) Law more... |
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CIVIL SOCIETY REVENUE TRANSPARENCY IN NIGERIA - PUBLICATION |
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Nigeria is the largest producer of oil in Sub-Saharan Africa with proven reserves of approximately 30 billion barrels. The country has earned over $340 billion over the past 40 years from oil. |
Oil revenue accounts for 83 per cent of total government revenue, more than 40 per cent ofGDPand 95 per cent of export earnings. |
In the face of all these revenues, over 120 million people in Nigeria are faced with grinding poverty as more than 70 per cent live on less than a dollar per day, making the country a clear illustration of the paradox of plenty. Much of Nigeria's oil revenue is mismanaged through corrupt practices. There have not been transparency and accountability in the management of oil revenue in Nigeria. |
In 2002, British Prime Minister, Tony Blair announced the Extractive Industries Transparency Initiative (EITI), led by more... |
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