Nigeria publishes the 2006-2008 EITI Report

NEITI has published the 2006-2008 EITI Reconciliation Report on 1 February. This is the third NEITI Report following the 1999-2004 and 2005 EITI Reports. This report shows that Nigeria received $59billion in 2008, $43billion in 2007 and $45billion in 2006. On average two-thirds of the revenue was from the proceeds of sale of crude oil and gas, whilst the remaining third came mainly from the petroleum profit tax, royalties, signature bonuses, and the education tax. For more information check NEITI website.