Tuesday 8 December 2015

OIL FIRMS PAY $293B TAXES IN SIX YEARS, SAYS NEITI

Oil workers, member sof PENGASSAN. Photo: naijThe oil companies operating in the country have paid over $293 billion to the Federal Government coffers in terms of taxes, royalties and dividends between 2006 to 2012, going by the data from the Nigeria Extractive Industries Transparency Initiative (NEITI).

The Acting Executive Secretary, NEITI, Orji Ogbonnaya Orji, who disclosed this during the inauguration of companies’ forum in Lagos, also disclosed that agency has signed off agreements that will herald the commencement of work on the new audit report

Read more @ The Guardian

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