IMPLICATIONS OF DELAYS OF ANNUAL BUDGETS & PAYMENT OF NDDC LEVIES

Background

The 2014 NEITI Audit Report on the Oil & Gas Sector observed that there is a major issue regarding the timing of approval for annual budgets and payments of NDDC levies by some oil companies. Taken directly from this report, ANEEJ seeks to highlight the issues, implications of these delays and recommendations. Here is our highlight: