NEITI Report: Group charges govt on effective oil production data

The group's recommendation is coming on the heels of the 2013 oil and gas sector audit report released recently in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI), which highlighted the fact that the country lacks accurate oil production measurement system, leaving the country to rely on data provided by the operating companies, a development, it pointed out, that is a source of revenue leakage. More »