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A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) revealed that the amount spent by the country on subsidies between 2005 and 2021, would have constructed three refineries with the capacity to refine 450,000 barrels of crude per day each.
Nigeria recorded a slight decline in its gas production in 2020. This was revealed in the latest report from the Nigeria Extractive Industries Transparency Initiative (NEITI).
The Tertiary Education Trust Fund (TETFUND) in the last ten years has benefitted an estimated 1.36 trillion naira from the government for the development and advancement of the educational sector in Nigeria. However, reports from NEITI and other investigations have shown that the fund does not have a comprehensive accounting and operational manual hence, there is an insufficient guide for accounting and operations’ processes.
