This report sets out the results of the reconciliation of the financial flows from activities in the solid minerals sector in Nigeria for the 2018 fiscal year.
This is the Nigeria EITI 2018 Annual Progress Report
The Board agreed that Nigeria has made satisfactory progress overall with implementing the EITI Standard.
Description: see below for the decision in full and PDF attached.
Where: 42nd Board meeting in Kyiv
Final report on the financial, physical and process audit of the Nigeria oil and gas industry: An independent report assessing and reconciling physical and financial flows within Nigeria's oil and gas industry - 2016.
Nigeria's work plan for 2019. This is an action plan agreed by the national multi-stakeholder group. This includes the objectives and priorities for EITI implementation and associated activities. See Requirement 1.5.
On 27 February 2019, Nigeria was found to have made satisfactory progress in implementing the EITI Standard. See Board decision 2019-20/BM-42
Timeline of Validation and related materials:
11 July 2018: Second Validation commenced.3 October 2018: The International Secretariat sent the draft assessment was sent to the National Stakeholders Working Group (NSWG) [English
MSG comments & Validation Committee review
Final report on the financial, physical and process audit of the Nigeria oil and gas industry: An independent report assessing and reconciling physical and financial flows within Nigeria's oil and gas industry - 2015.
The EITI International Secretariat is seeking to recruit a consultant to support the government of Nigeria and the EITI MSG with a commodity trading pilot. The consultancy includes:
(i) collecting, reviewing and analyzing data on volumes, contracts and liftings of government oil and gas;(ii) providing a clear description of flows of funds into and out of the Federation account from the sale of government oil and gas, including pricing, in-kind payments and beneficial ownership disclosure of trading companies;(iii) producing an inception report,
Improving the capacity of institutions to strengthen the management of national oil and gas resources
Abstract: Proper management of measurement activities in the oil and gas industry by the designated bodies is a challenge in most parts of the world, particularly the upstream sector of the industry. This is evident as the problem cuts across both developed (U.S.A) and the developing (Nigeria) countries. In United States, the Government Accountability Office (GAO) said, “The Department of the Interior’s oil and gas production verification efforts do not provide reasonable assurance of accurate measurement of production volumes” while in Nigeria,