To account for financial inflow from crude oil sale, taxes,
royalties that make up majority of Nigeria’s income has been a process
undertaken especially under NEITI. It however remains a challenge when
recommendations are made in Oil and Gas audit reports without being enforced
and implemented. Just like in the case of the 2016 NEITI report of $17.055 Billion
where 13 recommendations were made which if deployed will close gaps and secure
the National income to benefit every Nigerian citizen.
The recommendations are still unattended to posing a challenge for
the soon-to be released 2017 report, leaving oil reports open ended and
unverifiable. A challenge has however been thrown to law makers to ensure compliance,
on the heels of the launch of the first and only Remediation tracking app in
the world oil market, the Remtrack app easily downloadable on mobile devices.
This app which will soon be launched is a product of the
legislative and policy advocacy mouthpiece in Nigeria, Order Paper and will
give Nigerian citizens power to “follow the oil money’ and make the extractive
industry transparent and focused on delivering wealth for the welfare of every
Nigerian citizen.
The law makers surely have work to do to ensure that remediation is
done and citizens can participate in the Oil and Gas revenue and its
allocation. From the call made by Order paper Advocacy Initiative, it is time
for members of the National Assembly to upgrade their oversight functions to
ensure these recommendations are done and as at when due.
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