To account for financial inflow from crude oil sale, taxes, royalties that make up majority of Nigeria’s income has been a process undertaken especially under NEITI. It however remains a challenge when recommendations are made in Oil and Gas audit reports without being enforced and implemented. Just like in the case of the 2016 NEITI report of $17.055 Billion where 13 recommendations were made which if deployed will close gaps and secure the National income to benefit every Nigerian citizen.
The recommendations are still unattended to posing a challenge for the soon-to be released 2017 report, leaving oil reports open ended and unverifiable. A challenge has however been thrown to law makers to ensure compliance, on the heels of the launch of the first and only Remediation tracking app in the world oil market, the Remtrack app easily downloadable on mobile devices.
This app which will soon be launched is a product of the legislative and policy advocacy mouthpiece in Nigeria, Order Paper and will give Nigerian citizens power to “follow the oil money’ and make the extractive industry transparent and focused on delivering wealth for the welfare of every Nigerian citizen.
The law makers surely have work to do to ensure that remediation is done and citizens can participate in the Oil and Gas revenue and its allocation. From the call made by Order paper Advocacy Initiative, it is time for members of the National Assembly to upgrade their oversight functions to ensure these recommendations are done and as at when due.