By Nneka Nwogwugwu
The Office of the Accountant General of the Federation (OAGF) has stated that it will support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenue.
The Accountant General of the Federation (AGF), Mr Ahmed Idris, said that the support will help the Federal Government to ensure appropriate remittance.
Idris said this when he received the leadership of NEITI, led by the Executive Secretary (ES), Dr Orji Ogbonnaya Orji in Abuja on Monday, Vanguard reports.
According to a statement by the Director of Press, Mr. Henshaw Ogubike, “The Federal Treasury will partner and give the necessary support to NEITI to achieve efficient monitoring of oil and gas revenue accruals to the government.
“We do not have capacity to go deep shores to know how much we are producing. As we speak, it is very difficult for any Nigerian to ascertain how much actually we are producing.
“This is one of the challenges that NEITI is dealing with because if you do not know how much you are producing, how would you know how much you are expected to earn.
“Because the companies that go deep shore exploration are not indigenous Nigerian companies and they cannot really protect the interest of the country as much as Nigerians can.”
