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NEITI reveals revenue leakages in Nigeria’s extractive sector

The Nigerian Extractive Industries Transparency Initiative (NEITI), a transparency watchdog, has published its 2019 report on Nigeria’s extractive sector showing a disturbing pattern of poor practices fostering revenue leakage to the Federation. NEITI observed that some companies reported crude losses due to metering error, theft and sabotage that were higher than the volume of production…

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