Abuja - The Civil Society Legislative Advocacy Centre (CISLAC) has appealed to the Federal Government to accelerate the implementation of the Nigeria Extractive Industry Transparency Initiative (NEITI).
CISLAC Executive Director, Auwal Ibrahim Musa, also urged the government to recover all outstanding revenues due to the citizens.
“We urge the Federal Government to expedite action on the recovery of all the monies due to the coffers of the Nigerian people and channel them into people oriented development as a way of ushering in the change that citizens voted for,” said Musa.
Also Read: Nigeria starts investigating crude oil swap contracts
He said CISLAC noted that $11,6 billion (N2,32 trillion), which represents outstanding total dividends arising from loans and interest repayments from Federal Government’s investment in Liquefied Natural Gas (LNG), was yet to be remitted into the nation’s coffers.
“We reiterate that this state of affairs has resulted because of lack of political will in previous administrations to implement remedial action emanating from recommendations from previous NEITI audit reports which had been reinforced by the reports of several probe panels and Committees,”
The official called on government to empower and strengthen structures to effectively carry out its mandate.
“We are aware of the ability and willingness of the NEITI to provide necessary information to assist the Federal Government in recovering these funds,” said Musa.
- CAJ News