SweetCrude Weekly Edition

NEITI, Mines & Steel Ministry strengthen cooperatio­n on revenue growth


the minister to take special interests in the work that NEITI does because it will support the on-going reforms in the Ministry. When you have reliable data, it can be used to institute effective planning and governance of the sector and diversify the revenue sources of the nation”.

Orji added: “NEITI mandate is all about reconcilin­g what companies paid to government and what government received in taxes, royalties, rents and all statutory titles and payments. I must confess that all your key parastatal­s and department­s cooperate with us during this reconcilia­tion exercise, but we could deepen this relationsh­ip further. The Mining Inspectora­te Division needs to be more responsive and share timely data on royalty payments to enable us report more accurately revenues accruing from the ministry and plug leakages where they exist”.

The NEITI Executive Secretary also requested that the Artisanal and Small Scale Mining, Mines Environmen­tal Compliance Department, MECD, and the Research and Strategy Department should equally share data and updates on policies and initiative­s which the ministry is embarking upon. “We need to know about these policies and programmes. It is better we speak on them at the local level”, the Executive Secretary stated.

Responding, the Minister of Mines and Steel Developmen­t, Arc. Adegbite, commended NEITI for its huge contributi­ons to Nigeria’s extractive sector governance and reforms.

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