By Vivian Emoni
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has pledged to deepen collaboration with Nigerian Extractive Industries Transparency Initiative (NEITI), to strengthen transparency, accountability and revenue mobilisation in extractive sector.
The RMAFC Chairman, Dr Mohammed Shehu, said this when NEITI Executive Secretary, Mr Musa Adar, paid him a courtesy visit in Abuja on Friday.
Shehu said that the partnership would improve revenue monitoring, transparency and accountability in Nigeria’s extractive industries.
He described the longstanding partnership between RMAFC and NEITI as strategic and mutually beneficial to both institutions and the country.
He commended NEITI for providing credible information on operations and financial flows in the extractive industries, adding that its efforts had strengthened accountability.
According to him, NEITI’s work had also improved public understanding of Nigeria’s extractive sector and promoted openness in managing the country’s natural resources.
Shehu said NEITI had earned a strong reputation through efforts to uncover facts, reconcile information and promote transparency in the extractive industries.
He expressed hope that NEITI’s international partners would continue to support its capacity in information gathering, data verification, revenue transparency and accountability.
The RMAFC chairman assured NEITI of the commission’s continued support and openness to collaboration in data sharing, research, revenue monitoring and policy engagement.
He congratulated Adar on his appointment as NEITI executive secretary, describing it as well deserved and expressing confidence in his leadership.
“Your experience, competence and diligence will contribute to greater achievements in promoting transparency and accountability in Nigeria’s extractive sector,” he said.
In his remarks, Adar described the relationship between NEITI and RMAFC as a longstanding partnership built on transparency, accountability and improved revenue mobilisation.
The NEITI executive secretary said both institutions needed to strengthen the partnership to achieve greater impact in revenue monitoring, resource governance and accountability.
He highlighted RMAFC’s role in monitoring revenues accruing to the Federation Account and advising on measures to improve revenue collection and accountability.
Adar said reliable information on revenues from oil, gas and mining activities was essential for fiscal management, public accountability and informed decision-making.
According to him, NEITI’s independent reconciliation of financial and physical flows provides useful data on revenues, payments, production, exports and company activities.
“NEITI’s reports can support RMAFC’s work in revenue monitoring, verification, policy analysis and developing measures to improve revenue mobilisation,” he said.
He highlighted Nigeria’s presence at the ongoing 2026 Extractive Industries Transparency Initiative (EITI) implementation, under the 2023 EITI Standard, describing it as an opportunity to demonstrate measurable progress in strengthening governance across the industries.
He said that the standard’s emphasis on data reliability, systematic disclosure and revenue transparency aligned with RMAFC’s mandate and created opportunities for deeper cooperation.
Adar invited RMAFC to participate in the Global EITI Conference scheduled for Oct. 8 and Oct. 9 in Brussels, Belgium.
He called for stronger collaboration among NEITI, RMAFC and other institutions in data sharing, revenue mobilisation, research, capacity building and policy dialogue. (NAN)
Edited by Kadiri Abdulrahman