Oil operators’ indebtedness to FG hits $6.1bn – NEITI

The Nigeria Extractive Industries Transparency Initiative has disclosed that as of August 2024, operators in the oil and gas sector are collectively indebted to the Federal Government, with outstanding liabilities totalling $6.1bn. It noted that the outstanding liabilities were made up of outstanding royalties, taxes, rents, and other collectible revenues due to be collected into