The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for the transfer of all the country’s oil revenue savings into the Nigerian Sovereign Investment Authority (NSIA).
Dr Orji Ogbonnaya Orji, the Director, Communications of NEITI, made the call in a statement on Wednesday in Abuja.
Orji said that the position was made known in NEITI’s paper titled: “The case for a robust oil savings fund for Nigeria’’, adding that position was informed by the transparency rating of the NSIA by the global Sovereign Wealth Institute.’’
He said that NSIA had been scored nine out of 10 on the Sovereign Wealth Institute’s transparency index, the highest score by any African Sovereign Wealth…
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