Thursday 6 November 2014

OIL REVENUE DISCLOSURE FROM NIGERIA, OTHERS HITS $1.3TR

OIL REVENUE DISCLOSURE FROM NIGERIA, OTHERS HITS $1.3TRTHE Nigerian government and its counterparts in Extractive Industries Transparency Initiative (EITI) compliance countries have disclosed over  $1.3 trillion worth of revenue from oil, gas and mineral resources as at October 2014.

Besides, EITI has won the support of over 90 global investment institutions that collectively manage over $19 trillion, while the total financial flows from the extractive oil and gas industry in Nigeria from 2009 to 2011 amounted to $143.5 billion.

Read more @ The Guardian

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