The Nigeria Extractive Industries Transparency Initiative (NEITI) said that over $4.85 billion has been recovered from the disclosures of $8.26 billion made in its 2021 oil and gas report.
The agency revealed this in a statement issued yesterday by its Deputy Director of Communications and Advocacy, Mrs. Obiageli Onuorah.
In the 2023 industry reports released in September 2024, NEITI had disclosed liabilities of $6.175 million and N66.378 billion, showing a significant decline from the liabilities of 2021 reports.