The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have agreed to strengthen collaboration on revenue monitoring, transparency and accountability in Nigeria’s extractive industries. This was contained in a statement on Friday, August 28, by the Head, Information and Public Relations Unit of……
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have agreed to strengthen collaboration on revenue monitoring, transparency and accountability in Nigeria’s extractive industries.
This was contained in a statement on Friday, August 28, by the Head, Information and Public Relations Unit of RMAFC, Maryam Umar Yusuf, following a courtesy visit by the NEITI Executive Secretary, Hon. Musa Sarki Adar, to the commission’s headquarters in Abuja.
According to the statement, the RMAFC Chairman, Dr Mohammed Bello Shehu, reaffirmed the commission’s commitment to deepening its partnership with NEITI, particularly in data sharing, research, revenue monitoring and policy engagement.
“RMAFC is delighted to receive the Executive Secretary and his delegation. Our relationship with NEITI is longstanding, strategic and mutually beneficial. We value NEITI’s work in promoting transparency and accountability in Nigeria’s extractive sector, and we are committed to deepening this partnership,” Shehu said, according to the statement.
The RMAFC chairman also commended NEITI for providing information on the operations and financial flows of the extractive industries, noting that the organisation’s work had contributed to public understanding and accountability in the management of Nigeria’s natural resources.
“NEITI has earned a strong reputation through its consistent efforts to uncover facts, reconcile information and promote openness. That work is important to the country and deserves the support of all stakeholders,” he said.
Shehu assured NEITI of the commission’s continued support and openness to collaboration in data sharing, research, revenue monitoring and policy engagement.
He also congratulated Adar on his appointment as NEITI Executive Secretary, describing it as well deserved and expressing confidence in his ability to lead the organisation.
“Your appointment is well deserved. You have demonstrated commitment, competence and diligence in your professional career. I am confident that you will bring these qualities to bear in your new role and lead NEITI to even greater achievements,” Shehu said.
The statement quoted Adar as describing the relationship between the two institutions as a longstanding partnership built around transparency, accountability and improved revenue mobilisation.
“The relationship between NEITI and RMAFC is not new. It is a partnership built over time, and we must now take it to a higher level,” Adar said.
According to the statement, the NEITI executive secretary highlighted RMAFC’s role in monitoring revenues accruing to the Federation Account and advising on measures to improve revenue collection and accountability, particularly in relation to Nigeria’s natural resources.
Adar said reliable information on revenues generated from oil, gas and mining activities was essential for fiscal management, public accountability and informed decision-making.
He also noted that NEITI’s independent reconciliation of financial and physical flows in the extractive industries provides data on revenues, payments, production, exports and company activities.
“NEITI’s reports can support RMAFC’s work in revenue monitoring, verification, policy analysis and the development of measures to improve revenue mobilisation,” he said.
The statement further quoted Adar as highlighting Nigeria’s ongoing implementation of the 2023 EITI Standard, which he described as an opportunity to demonstrate progress in strengthening governance across the extractive industries.
He said the standard’s emphasis on data reliability, systematic disclosure, transparency of revenue flows and institutional collaboration aligned with RMAFC’s mandate and created opportunities for deeper cooperation.
Adar also invited RMAFC to participate in the Global EITI Conference scheduled for October 8–9, 2026, in Brussels, Belgium, where, according to the statement, Nigeria is expected to showcase its progress in resource governance.
He called for stronger collaboration among NEITI, RMAFC and other relevant institutions in data sharing, revenue mobilisation, research, capacity building and policy dialogue.
“Our objective should be to build a more coordinated institutional framework for revenue assurance and resource governance. By working together, NEITI and RMAFC can strengthen oversight and support evidence-based policymaking,” Adar said.
The statement said the meeting was attended by the Secretary to the Commission, Comrade Tosin Adeyanju, as well as some directors and special advisers to the RMAFC chairman.
In a vote of thanks, the Director, Solid Minerals Department, Malam Rabiu Kabiru, thanked the NEITI delegation for the visit and reaffirmed the importance of the relationship between both institutions.
He expressed confidence that the partnership would continue to produce positive results for the two institutions and the country.
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