SATURDAY 22ND DECEMBER 2018

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NEITI: Nigeria Earned $677bn from Crude Oil Sales in 18 Years Highest of $68.44bn grossed in 2011 Chineme Okafor in Abuja A new audit report by Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria earned as much as $677.9

billion, between 1999 and 2016, a period of 18 years, from the sale of crude oil produced from oil fields in the Niger Delta region. This was contained in a statement released yesterday

by NEITI’s Director of Communications, Dr. Orji Ogbonnanya Orji, which also included the total financial flows from Nigeria’s oil and gas sector in 2016 into the account of the federation.

According to NEITI, the 2016 audit report was the latest of its audits of financial flows from Nigeria’s oil industry, adding that its calculation showed that the highest revenue of $68.44 billion the

country earned from oil came in 2011, while its lowest of $8.07 billion was gotten in 1999. NEITI tabulated the country’s oil earnings within the period, pointing out that

in 1999, Nigeria earned $8.07 billion; $15.81 billion in 2000: $15.91 billion in 2001; 2002 was put at $11.87 billion; while 2003 earning was $17.08 billion. Continued on page 6

EFCC Seizes $2.8m at Enugu Airport, Arrests Two… Page 6 Saturday 22 December, 2018 Vol 23. No 8648

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Lai Mohammed Says APC Has Fulfilled All Promises to Nigerians FG determined to do more, minister declares in special Christmas message Omololu Ogunmade in Abuja The Minister of Information and Culture, Lai Mohammed, yesterday in Abuja claimed that the government of the All

Progressives Congress (APC) had fulfilled all the promises it made to Nigerians. The minister who made this claim while answering questions from journalists

in the State House, further argued that the government had met all its obligations to Nigerians. Promising that the government is determined

to do more in the New Year, Mohammed who said he had made the portrait of President Muhammadu Buhari in five different Nigerian cultures, wished everyone a Merry

Christmas. "I wish everybody Merry Christmas and as a government, we are happy that we have been able to meet all our promises, all

our obligations to Nigerians. And as the year rolls out, we are more determined to even deliver more to Nigerians. Continued on page 6

Minimum Wage Delay: Labour Orders Nationwide Protest January 8 Urges EFCC to probe governors over bailout, Paris Club funds FG: NLC can't embarrass us over new wage Onyebuchi Ezigbo in Abuja The Nigeria Labour Congress (NLC) has said that it would embark on a nationwide mobilisation of Nigerian workers to protest federal government’s delay in transmitting, enacting and implementing a new national minimum wage of N30,000. The NLC also urged the Economic and Financial Crimes Commission EFCC to investigate allegations of diversion of the bailout fund, Paris Club refund, as well as all budget support releases to the states. In a swift reaction, the Minister of Information and Culture, Lai Mohammed said that he was confident that labour would not embarrass the government. NLC in the communiqué issued at the end of its Continued on page 6

ALL FOR BUHARI, OSINBAJO... President Muhammadu Buhari with members of the Muhammadu Buhari Osinbajo (MBO) Dynamic Support Group during a courtesy visit to the Presidential Villa, Abuja... yesterday godwin omoigui


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