Nigeria earned $20.43 billion from the sector in 2020, a decline of 40 per cent compared to $34.22 billion realised in 2019. The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that oil and gas companies liabilities to the Federation Accounts as at December 31, 2020 was N1.32 trillion. Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, made this known on Monday in Abuja at the public presentation of reports on Oil, Gas and Mining as well as Fiscal Allocation and Statutory Disbursement. Orji, while providing highlights on the 2020…
Read MoreOil Firms’ Debts To Nigeria Hit N1.32trn in 2020 – NEITI
