The
Federal Government on Friday in Abuja inaugurated an Inter-Ministerial
task team to ensure the implementation of reports from the Nigeria
Extractive Industries Transparency Initiative to recover all unremitted
revenues discovered from audit findings.
The decision was sequel to allegations of inconsistencies in the management of resources in the oil and gas sector.
The Secretary to the Government of the
Federation, Senator Anyim Pius Anyim, while performing the inauguration,
said Nigeria consciously signed up to NEITI based on a clear
conviction” that once transparency was implanted in the management of
the nation’s abundant extractive resources, it will boost the
government’s efforts towards poverty reduction, sustainable development,
social harmony as well as better investment climate”.