Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, OFR, has underscored the significance of greater collaboration between RMAFC and the Nigeria Extractive Industries Transparency Initiative (NEITI), to promote transparency, accountability and improved revenue mobilisation and generation in Nigeria’s extractive industries.
Dr. Shehu stated this when the NEITI Executive Secretary Hon. Musa Sarki Adar paid him a courtesy visit at the Commission’s headquarters in Abuja on Friday, 28th August, 2026.
He reaffirmed RMAFC’s commitment to deepening its longstanding partnership with NEITI. “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,” Dr. Shehu said.
The Chairman commended NEITI for providing credible information on the operations and financial flows of the extractive industries, noting that its efforts had improved public understanding of the sector and strengthened 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.
The Chairman also acknowledged the support of NEITI’s international partners and expressed the hope that stakeholders would continue to strengthen the organisation’s capacity in information gathering, data verification, revenue transparency and accountability.
He assured NEITI of the Commission’s continued support and openness to collaboration in data sharing, research, revenue monitoring and policy engagement.
Dr. Shehu congratulated Hon. Musa Adar, on his appointment, describing it as well deserved while expresseing confidence in his ability to provide effective leadership.
“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.” He said.
In his remarks, the NEITI Executive Secretary described the relationship between both institutions as a long-standing partnership built on a shared commitment to 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,” Hon. Sarkin Adar said.
He 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.
Hon. Sarkin Adar noted that reliable information on revenues generated from oil, gas and mining activities was essential for fiscal management, public accountability and informed decision-making. He explained that NEITI’s independent reconciliation of financial and physical flows in the extractive industries provides useful 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.
He also highlighted Nigeria’s presence at the ongoing 2026 Extractive Industries Transparency Initiative (EITI) implementation under the 2023 EITI Standard, describing it as an opportunity to demonstrate measurable progress in strengthening governance across the extractive industries.
According to him, the standard’s emphasis on data reliability, systematic disclosure, transparency of revenue flows and institutional collaboration aligns closely with RMAFC’s mandate and creates opportunities for deeper cooperation.
Hon. Sarkin Adar invited RMAFC to participate in the Global EITI Conference scheduled for October 8–9, 2026, in Brussels, Belgium, where 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.
