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Oil, gas companies owe FG $6bn, N66bn in unpaid revenues – NEITI report
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The liabilities of oil companies to the Federation have increased to $6.175bn as of June 2024, a new report by the Nigerian Extractive Industries Transparency Initiative has stated.
It noted that in last decade, the Federal Government HAD spent a total sum of N15.8tn on price differentials and under-recovery (subsidy) on the importation of 200.85 billion litres of petrol into the country.
This revelation was contained in the 2022/2023 oil and gas industry report, presented by the agency on Thursday in Abuja. The report’s details were based on an audit of the petroleum industry conducted by the agency during the review period, according to the NEITI Executive Secretary, Dr Orji Ogbonnaya.
“A total of N15.87tn has been claimed as under-recovery/price differentials between 2006 and 2023, with 2022 recording the highest of N4.714tn,” the report read in part.
In his address at the event, Orji said the released report was not just a document but a call to action, marking a significant milestone in the ongoing efforts to promote transparency, accountability, and good governance in Nigeria’s extractive sector.
“This report, produced by the Nigeria Extractive Industries Transparency Initiative, comes at a critical time when the nation is intensifying its reforms in the oil and gas sector. The report provides valuable insights that will help guide policy, encourage robust public debate, and ultimately improve governance in the management of our natural resources,” he said.
Orji further noted the report contains several key findings and recommendations, which include the identification of revenue leakages, the need for improved compliance with regulatory frameworks, and suggestions for increasing transparency in oil and gas operations.
An analysis of the report showed that the government expended a considerable amount of its resources to pay for price differentials, also known as subsidies, between 2014 and 2023, while its petrol imports surged yearly increasing the cost of subsidies.
The report disclosed that the government paid N3.01tn for the petrol subsidy in 2023 compared to N4.71tn paid in 2022.
It stated that a total of 23.54bn litres of PMS (Premium Motor Spirit) were imported into the country in 2022, while 20.28bn litres were imported in 2023. This represents a reduction of 3.25bn litres, or a 14 per cent decline, following the removal of the subsidy.
“A detailed 10-year trend analysis (2014–2023) shows that the highest annual PMS importation into the country, 23.54bn litres, was recorded in 2022, while the lowest, 16.88bn litres, was recorded in 2017. A total of N15.87tn was claimed as under-recovery/price differentials between 2006 and 2023, with the highest amount, N4.714tn, recorded in 2022,” it stated.
A further breakdown showed that N480bn was spent as subsidies for the importation of 18.93bn litres of fuel in 2014. This figure reduced to N320bn despite an increase amount of fuel import of 19.27bn litres in 2015.
In 2016, the NEITI said the government spent N100bn to import 18.76bn liters of fuel while N140bn was disbursed for the for the import of 16.88bn liters of petrol products in 2017.
However, by the following year of 2018, the figure for subsidy increased drastically by N580bn to N720bn, for the import of 20bn liters. The figure dropped sharply to N580bn for an increased import of 20.60bn litres in 2019.
By 2020, the amount spent on subsidy reduced further to N130bn. The government imported a total sum of 22.05bn litres within this period.
In contrast, the government spent N1.16tn as subsidy on the import of 22.54bn liters in 2021, disbursed N4.71tn as a price differential for the import of 23.54bn liters in 2022, and N3.01tn for the import of N20.28bn liters in 2023.
It added that liabilities owed to the federation include $6.071bn and N66.4bn in unpaid royalties and gas flare penalties owed to the Nigerian Upstream Petroleum Regulatory Commission by August 31, 2024.
Additionally, there are outstanding petroleum profit taxes, company income taxes, withholding taxes, and VAT owed to the Federal Inland Revenue Service amounting to $21.926m and N492.8m as of June 2024.
Reacting to this, the Chairman of the Economic and Financial Crimes Commission, Olanipekun Olukayode, pledged to recover the owed debts of $6bn and N66bn to the federation.
The EFCC chairman also announced that he had approved the transfer of over N1bn derived from funds recovered through previous NEITI audits into the Federation Account.
Olukayode said, “Over the years as an anti-corruption agency in the country we are part of the success of the work of NEITI. Where the work stops at the level of presenting this report, then we take off from there to ensure that the recommendations therein and revelations therein particularly as relates to criminal infractions, and violation of our financial laws, it is taken up seriously.
“I am also happy to announce to you that as of yesterday (Wednesday), I still approved that over a billion so remitted to the Federal Government account as a result of the work of the last report of NEITI.”
On his part, the Secretary to the Government of the Federation, George Akume, assured stakeholders that the government would continue to grant NEITI the freedom to do fulfill its mandate to the country and the global Extractive Industries Transparency Initiative.
Akume said, “As the Chairman of the NEITI Board, I stand before you today to underscore the Federal Government’s respect for NEITI’s independence. While my role as Chairperson is a testament to the importance the government places on NEITI, it also signifies the commitment to ensure that NEITI operates independently, without interference, as mandated by the EITI standard.
“We have to safeguard this independence with great care and diligence, ensuring that NEITI can operate free from undue influence.”
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“I Paid for His Flight, Hotel, Visa and Brought Him to the UK” — Lady Shares Ordeal After Lover Walked Away
A lady has shared her experience after allegedly sponsoring her partner’s relocation to the United Kingdom, claiming that their relationship ended just four months after he arrived in the country.
According to the woman, she bore the financial burden of making the relocation possible, including paying for his flight, hotel and visa.
However, she alleged that the relationship came to an end only a few months after his arrival in the UK.
The woman further claimed that the man’s family subsequently contacted her and asked her not to report the matter to the UK Home Office.
Sharing her experience, she said: “I paid for his flight, hotel, visa and brought him to the UK. He broke up with me four months after, and his family had the guts to tell me not to inform the Home Office.”
Her account has sparked reactions on social media, with many users debating the potential risks of taking on significant financial responsibility to facilitate a partner’s relocation abroad.
The incident has also renewed discussions about relationships involving immigration arrangements, financial commitments and the expectations that may arise when one partner plays a major role in helping the other relocate.
News
AWALCO Honours NUJ FCT Chair Grace Ike, Hails Her Transformational Leadership
By Gloria Ikibah
The Association of West African Legislative Correspondents (AWALCO) has nominated the Chairman of the Nigerian Union of Journalists (NUJ), FCT Council, Comrade Grace Ike, for a prestigious award in recognition of what it described as her outstanding leadership and contributions to the journalism profession.
The nomination was announced during a courtesy visit by AWALCO executives, led by the association’s President, Comrade Innocent Odoh, to the NUJ FCT Council Secretariat in Abuja.
Odoh applauded Ike’s performance since assuming office, describing her emergence as the first female Chairman of the NUJ FCT Council as a landmark achievement.
He said her leadership had brought visible changes to the council and demonstrated the qualities required to inspire confidence and drive meaningful reforms.
“We are indeed very impressed and inspired. It takes somebody with this kind of courage and commitment, and someone who will take charge of things, and we are really seeing the change,” Odoh said.
He explained that the nomination followed extensive consultations within the association on journalists and media leaders who had distinguished themselves through exceptional service to the profession.
According to him, Ike’s achievements, including her previous role as Chairperson of the House of Representatives Press Corps, made her a worthy candidate for the award.
Odoh disclosed that AWALCO had initially planned to hold the ceremony last year as part of activities marking the 25th anniversary of the ECOWAS Parliament.
However, he said the event had to be postponed after the regional parliament scheduled a separate award ceremony.
He added that the proposed award was also part of the association’s efforts to deepen collaboration with the NUJ FCT Council.
According to him, AWALCO intends to partner with the council to organise seminars, workshops and conferences focusing on democracy, good governance, development and legislative accountability.
Describing the legislature as the backbone of every democratic system, Odoh stressed that parliamentary correspondents have a critical responsibility to examine policies, interrogate democratic processes and ensure that legislation translates into meaningful development for citizens.
With West Africa’s population exceeding 400 million people, he said stronger cooperation between AWALCO and the NUJ will create an opportunity to promote democratic values and strengthen governance across the ECOWAS sub-region.
Responding, Comrade Ike expressed appreciation for the recognition and assured the association of the NUJ FCT Council’s readiness to work closely with AWALCO.
“I really don’t take this award for granted. I’m honoured,” she said.
She emphasised the need for journalists to remain committed to the core values of the profession, including accuracy, fairness, balance and ethical reporting.
According to her, the media remains one of the most important institutions in any society and must continue to serve as a force for accountability and development.
Ike also challenged journalists to broaden their focus beyond traditional reporting areas and pay greater attention to issues capable of driving positive change across Nigeria and the wider West African region.
She reiterated that the welfare of journalists remains one of the key priorities of her administration.
The NUJ chairman also encouraged AWALCO members to uphold the principles of accountability and transparency in all their activities.
She assured the association that the council will support its initiatives through publicity and strategic collaboration.
Ike further urged journalists to critically examine emerging issues affecting democracy in the region, including electoral reforms and other policy proposals capable of strengthening democratic institutions.
She noted that issues with the potential to improve governance should be properly scrutinised and brought into public discourse.
“Leadership is not easy. If you are a leader, you must do everything possible to leave a legacy behind,” she said.
She also encouraged younger journalists to remain committed to changing public perceptions about leadership and service.
According to her, journalists must strive to tell stories that make a meaningful difference and positively impact society.
Also speaking during the visit, AWALCO’s Financial Secretary, Favour Olise, praised Ike’s leadership and urged her to continue mentoring young professionals in the industry.
“Younger ones not in age, younger ones in the journalism profession, carry them along as you are already doing and keep doing the good works,” Olise said.
She described Ike’s achievements as inspiring, particularly her efforts to attract reputable organisations to collaborate with the NUJ.
Olise added that the NUJ chairman’s leadership was contributing significantly to the growth of the profession and strengthening the image of journalism in the Federal Capital Territory.
AWALCO reaffirmed its commitment to strengthening its partnership with the NUJ FCT Council, especially in advancing legislative journalism, promoting democratic accountability and supporting good governance across Nigeria and the West African sub-region.
News
EU Releases €2.3m Emergency Fund as Cholera Cases Surge Across West/Central Africa
By Gloria Ikibah
The European Union has approved €2.3 million in emergency humanitarian funding to help Nigeria, Cameroon, Chad and the Central African Republic contain the worsening cholera outbreak spreading across West and Central Africa.
The intervention comes as the World Health Organization (WHO) reported more than 61,000 cholera cases across the African region within the first five months of 2026, raising concerns over the growing public health crisis.
Nigeria, which has recorded one of the highest disease burdens, will receive the largest share of the funding, amounting to €1.5 million.
According to the European Commission, the support will be used to expand emergency response teams, provide essential medical supplies, distribute cholera treatment kits and strengthen water, sanitation and hygiene interventions.
The funding will also support the treatment of public water sources and household water, improve epidemiological surveillance in hard-to-reach communities and strengthen case management, risk communication and public awareness campaigns.
Cameroon will receive €100,000 to support outbreak containment efforts through the deployment of additional personnel, provision of essential medicines and establishment of more cholera treatment units and oral rehydration centres in affected communities.
In the Central African Republic, €500,000 has been earmarked to improve case management, expand vaccination campaigns and strengthen water, sanitation and hygiene programmes.
The funding will also support surveillance, case detection, community engagement and provision of safe and dignified burials.
Chad will receive €200,000 to improve access to clean water, strengthen sanitation services and support community-based surveillance and treatment programmes aimed at stopping the spread of the disease.
European Commissioner for Preparedness and Crisis Management, Hadja Lahbib, said the outbreak highlighted the devastating consequences of inadequate access to basic healthcare and clean water.
“Cholera is preventable and treatable. Yet it still threatens lives when people lack something as basic as safe water and healthcare.
“At a time when humanitarian needs are growing and resources are shrinking, Europe is not looking away.
“This emergency funding will help our partners act quickly, contain the outbreaks and protect the communities most at risk,” Lahbib said.
Health experts say cholera is caused by the Vibrio cholerae bacterium and is commonly transmitted through contaminated water or food.
The disease can cause severe diarrhoea, leading to rapid dehydration and shock if left untreated.
Although cholera remains a major public health challenge in many developing countries, the European Commission noted that it is not a common health problem in Europe and that the risk of transmission from imported cases remains low.
The latest intervention underscores growing international concern over the spread of cholera across Africa, where poor sanitation, limited access to clean water and humanitarian crises continue to fuel outbreaks.
Public health experts have repeatedly stressed that improving access to safe drinking water and strengthening healthcare systems remain the most effective long-term solutions to preventing future outbreaks.
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