This was uncovered in a review report distributed by the Nigerian Extractive Industries Transparency Initiative (NEITI).
It has developed that the Nigerian National Petroleum Corporation (NNPC) neglected to dispatch an aggregate of N2.23 trillion to the Federation Account in 2013.
This was uncovered in a review report distributed by the Nigerian Extractive Industries Transparency Initiative (NEITI).
The Minister of Solid Minerals and Chairman of the NEITI Board, Kayode Fayemi, said the review, which concentrated on all parts of the extractive commercial ventures, demonstrated that aggregate income streams into the Federation Account from the oil and gas segment in 2013 was about $58.07 billion.
As indicated by Fayemi, the figure spoke to around eight for each penny decrease when contrasted with the $62.9 billion acknowledged in 2012.
The Minister said that the decrease was credited to the drop in oil and gas deals taking after divestment of alliance value in some oil mining leases (OMLs), unrefined petroleum misfortunes as a consequence of demolition of creation offices, pipelines vandalism and raw petroleum burglary.
It was further uncovered that the NNPC and its sub-units amid the year either lost or declined to transmit a sum of N2.23 trillion, comprising $9.75 billion and N378.67 billion, to the alliance account as profit from different viewpoints its operations in 2013.
This was uncovered in a review report distributed by the Nigerian Extractive Industries Transparency Initiative (NEITI).
The Minister of Solid Minerals and Chairman of the NEITI Board, Kayode Fayemi, said the review, which concentrated on all parts of the extractive commercial ventures, demonstrated that aggregate income streams into the Federation Account from the oil and gas segment in 2013 was about $58.07 billion.
As indicated by Fayemi, the figure spoke to around eight for each penny decrease when contrasted with the $62.9 billion acknowledged in 2012.
The Minister said that the decrease was credited to the drop in oil and gas deals taking after divestment of alliance value in some oil mining leases (OMLs), unrefined petroleum misfortunes as a consequence of demolition of creation offices, pipelines vandalism and raw petroleum burglary.
It was further uncovered that the NNPC and its sub-units amid the year either lost or declined to transmit a sum of N2.23 trillion, comprising $9.75 billion and N378.67 billion, to the alliance account as profit from different viewpoints its operations in 2013.
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