FG yet to address PIB, poor metering at oil export terminals – NEITI


The Nigerian Extractive Industries Transparency Initiative (NEITI) said it is worried that the issue of the Petroleum Industry Bill (PIB) and poor metering infrastructure among other deficiencies that have cost the country dearly, are yet to be addressed, Daily Trust reports.

The Executive Secretary of NEITI, Mr. Waziri Adio, who stated this yesterday,  however applauded government agencies particularly the NNPC for the courage to implement the ongoing reforms. Adio spoke through Donald Tyoachimin, NEITI’s finance officer, in Nasarawa State at a workshop for media practitioners reporting the extractive sector.

He however, said it was gratifying that audit reports published by the agency have become major instruments leading to the ongoing massive reforms that include recommendations for the restructuring of the NNPC, removal of fuel subsidy, cancellation of SWAP/OPA and federal government’s exit from JV cash calls.