future dilemmas of extractive industry in nigeria

future dilemma of extractive industry in nigeria

I Executive Summary Nigerias Extractive Industries Transparency Initiative NEITI Require publication of all future extractive industry contracts Get More

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Nigeria Battling Opacity in Extractive Sector

In what appeared to be an abiding avowal for open data in the industry NEITI in the oil and gas report noted that the country earned a total sum of $ billion from the oil and gas sector in

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Nigeria s Extractive Industries Transparency Initiative Just a

The Nigeria Extractive Industries Transparency Initiative NEITI is a subset of the global Extractive Industries Transparency Initiative EITI and for some time NEITI has been regarded

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The extractive industry and human rights in Africa Lessons from the

There is the need for future research to probe how corporate commitments to global initiatives have yielded human rights outcomes within the extractive industry in Africa Similarly a crucial assumption underpins the idea that it is in the best interest of MNCs to respect human rights and rely on the notion that they require social licenses to

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The Roles of Civil Society Organizations in the Extractive Industries

the payment of extractive industry proceeds to the Federal Government or its Statutory Recipient In addition to the audits conducted for the oil and gas sector the NEITI has also conducted audits for the solid minerals industry in Nigeria See the NEITI website for the copies of audits on the solid mine rals industry in Nigeria

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Managing conflict and security in the extractive industries in Nigeria

According to reports over 2 000 pipelines have been destroyed by militants resulting in devastating impact on the economy At some point Nigeria was losing as much as 1 million barrels a day leading to the loss of its place as Africa s largest producer of oil

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Nigeria Extractive Industries Transparency Initiative NEITI Act 2024

towards promoting csr in the extractive industry the nigerian government bought into the idea of a uk led extractive industries transparency initiative eiti which is targeted at creating accountability and transparency in the management of oil gas and mining resources in resource rich countries such as nigeria 4 a diverse group of …

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Nigeria Extractive Industries and Transparency Initiative NEITI

Nigeria Extractive Industries and Transparency Initiative NEITI News Latest new today about Nigeria Extractive Industries and Transparency Initiative NEITI — NNN

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Nigeria EITI

In 2024 Nigeria became a participant in Opening Extractives a global five year programme that aims to improve the availability and use of beneficial ownership data Revenue distribution Nigeria s Constitution stipulates that all extractive revenues accruing to the government should be allocated as follows % to the Federal Government

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PDF Revenue management in the extractives sector

Revenue volatility is a major concern for most countries that are dependent on extractive industries Volatility is a function of uncertainty in determining the quality and quantity of the resources uncertainty regarding the potential price that might be achieved on the global market to monetise the

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We must address gender environmental issues in extractive industry now

The Nigeria Extractive Industries Transparency Initiative NEITI has underscored the need to go beyond global standard prescription to address peculiar gender and environmental issues within Nigeria s extractive industry

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NEITI wants oil firms civil society partnership to promote extractive

The implementation of the ongoing reforms in the nation s extractive industries would receive increased acceleration if the oil companies resolve to work closely with the civil society on all the issues the Nigeria Extractive Industries Transparency Initiative NEITI has said The Executive Secretary NEITI Ogbonnaya Orji said in Abuja at separate consultative meetings with leading …

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Public Wealth Management and Distribution in the Extractive Industry in

Nigeria has faced significant challenges in developing its extractive sector The challenges range from lack of revenue accountability environmental degradation community industry conflicts and weak institutions

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Extractive Industries Agency NEITI s Board Inaugurated

He said that the extractive industry was very strategic to Nigeria s economy hence central to the administration s economic agenda According to Mustapha the transparency and accountability in the management of the nation s resources were equally central to the anti corruption agenda of Nigeria

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Efugo Extractive Quality Inputs for Industry

Efugo Extractive Industry is a subsidiary of Efugo Nigeria Limited We specialize in oil and cake extraction services working with castor seed soybeans cotton seed and groundnut for industrial and retail purposes We offer value to our customers by offering finished product for purchase or by providing our extraction service where customers

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Sand Dredging Activities in the Extractive Industry in Nigeria Impact

Extractive activities have for a long time been visible in many parts of Nigeria Artisanal sand mining has been carried out along the coast of the River Niger and the creeks of the Niger Delta for a fairly long period of time However the introduction of sand dredging machines suction pumps in sand mining enterprise … Sand Dredging Activities in the Extractive Industry in Nigeria Impact

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Dataphyte Launches Nigeria s First Climate Data Hub

In a season Nigeria faces the sore impact of climatic change challenges leading data journalism platform Dataphyte has launched the first climate data platform in Africa s biggest economy Nigeria s vulnerability to global warming and climate change is glaring Although the country has made commendable commitments to reducing its carbon

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Nigeria s Extractive Industries Transparency Initiative Just a

The Nigeria Extractive Industries Transparency Initiative NEITI is a subset of the global Extractive Industries Transparency Initiative EITI and for some time NEITI has been regarded by many

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future dilemmas of extractive industry in nigeria mining e

The extractive industries mineral sector reform and post As such in recent years a surge of extractive industry investment by international companies in fragile states has also been accompanied by an increase in social mobilization and conflict around the adverse effects of mining and hydrocarbon projects

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We must address gender and environmental issues in the extractive

This decision is a recognition of the growing impact that the activities in the extractive industry continue to have on human communities and the natural environment The decision also signposts the urgent need for global and country level action to facilitate gender inclusion and environmental accountability in the extractive sector he said

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future dilemmas of extractive industry in nigeria

Risk Management in the Extractive Industry An Empirical OTHER EXTRACTIVE ENERGY INDUSTRIES Source Ernst and Young 2012a and 2012b Managing an Inherently risky industry in a Higher risk Environment While historically Nigeria has been viewed as a relatively very harsh environment for business and other activities Christopher 2024 the increasing global demand for O G means suppliers are

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PDF SUMMARY OF ISSUES EXTRACTIVE INDUSTRIES IAS Plus

Extractive Industries Issues Paper 3 Summary of Issues Summary of Issues in the IASC Issues Paper Extractive Industries The International Accounting Standards Committee has published an Issues Paper Extractive Industries as the first stage in IASC s project on financial reporting by mining and petroleum enterprises

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Contract transparency in Nigeria s extractive sector

The 2024 EITI standards which Nigeria is required to implement through NEITI stipulates in section that Implementing countries are required to disclose any contracts and licenses that are

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future dilemma of extractive industry in nigeria

The Page Description future dilemma of extractive industry in nigeria Extractive Nigeria Report exposes monumental revenue loss to ill managed oil and gas sector By Abubakar Jimoh Poor management of expectation by the government coupled with weak oversight capacity of the Legislative Committees and other agencies have been identified as contributory setbacks to the management of natural

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Struggles over extractive governance Power discourse violence and

1 Introduction The question of contested governance remains at the centre of contemporary debates about the extractive industries Just as industry critics call for effective governance to address environmental development fiscal or human rights issues so industry advocates reverse the question to argue that the sector s poor record with regard to such issues is the result of

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Prevailing Human Rights Issues in the Nigerian Extractive Industry A

Prevailing Human Rights Issues Nigerian Extractive Industry Activities of Multi National Companies MNCs Comparative Discourse Victims of Abuse in Nigeria Introduction The extractive industry refers to activities of industries geared towards the removal of raw materials from the earth for use by consumers

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EFCC NEITI Partner To Check Corruption in Extractive Industry

I want to assure you that all the issues that your report will raise and all the issues that we are also seeing on our own relating to extractive industries in oil and gas as well as in solid mineral we will deal head on with them He promised to work with NEITI in meeting the expectation of both parties for the betterment of the country

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Gender in Extractive Industries World Bank

The Gender and Extractive Industries Program managed by the Bank s Oil Gas and Mining unit raises awareness of the gender dimensions of the extractive industries to ensure that all Bank supported projects consider the needs and contributions of both men and women Benefits of Including Women s Perspectives in Extractive Industries

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Mineral Resource Extractive Activities in Nigeria Communities Also Matter

Nigeria being an extractive economy with numerous cases of defiance by the host communities on the mining operating companies a number of ways for advancing dealings with communities can be drawn to inform broader community dialogue in the extractive economy of Nigeria and countries with similar situations

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NEITI underscores need to address gender environmental issues in NNN

This decision is a recognition of the growing impact that the activities in the extractive industry continue to have on human communities and the natural environment The decision also signposts the urgent need for global and country level action to facilitate gender inclusion and environmental accountability in the extractive sector he said

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