OAGF to assist NEITI in tracking oil and gas revenue



AGF Ahmed Idris fcna and Dr Orji Ogbonnaya Orji /CEO NEITI during a visit to the Treasury house, Abuja 

The Office the Accountant the Federation (OAGF) will support the Nigeria Extractive Industries Transparency (NEITI) in oil and gas revenue that accrue to the Government to ensure appropriate remittances.

The Accountant the Federation stated this when he received the leadership the Nigeria Extractive Industries Transparency (NEITI), led on a visit to him by the and Chief Executive Officer (CEO), Dr. Orji Ogbonnaya Orji.

Idris, while reacting to the Nigeria Extractive Industries Transparency ’s request for support to effect requisite reforms in the management of the country’s oil and gas revenues, assured that the Treasury, “will partner and give the support to NEITI to achieve efficient monitoring of oil and gas revenue accruals to the government”.

He commended the Nigeria Extractive Industries Transparency Initiative (NEITI) for the successes it has recorded so far, adding that the effort of the to entrench probity, transparency and accountability in the management of the country’s oil and gas revenues is in line with the government’s financial management reforms initiatives.

The Accountant of the Federation also made a case for integration of NEITI as an institutional partner in the Government’s strategic revenue growth initiative. He reasoned that integrating the the Federal Government’s strategic revenue growth initiative will be a big leap forward in government’s vision of improving revenue collection, mobilization and identifying additional sources of revenue.

He noted that operating under obsolete laws has greatly hampered the activities of the and called for periodic review of NEITI Act and other laws that regulate the operations of the oil and gas sector to reflect current realities.

In his remarks, the and Chief Executive Officer (CEO), Dr. Orji Ogbonnaya Orji , said NEITI was established to track revenues accruing to the government from oil and gas transactions, especially remittances of such revenues to ensure accountability.

Dr. Orji commended the Accountant General of the Federation for the successes so far recorded in the government financial management reforms initiatives and solicited support for the Agency’s activities and challenges.