NEITI MAY RETAIN PART OF RECOVERED REVENUE TO BRIDGE FUNDING GAP

There are indications that the law establishing the Nigeria Extractive Industries Transparency Initiative (NEITI), may be amended to enable the Agency retain certain percentage of recovered revenues from extractive companies to bridge its funding gap.

This was disclosed by the Chairman of Senate Committee on Petroleum Resources (Upstream), Tayo Alasoadura, in Abuja, when he led the committee to the NEITI Secretariat on oversight function.

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