Section 2: Objectives of the Nigeria Extractive Industries Transparency Initiative.

The primary objectives of the NEITI are-(a) to ensure due process and transparency in the payments made by all extractive industry companies to the Federal Government and statutory recipients;
(b) to monitor and ensure accountability in the revenue receipts of the Federal Government from extractive industry companies;
(c) to eliminate all forms of corrupt practices in the determination, payments, receipts and posting of revenue accruing to the Federal Government from extractive industry companies;
(d) to ensure transparency and accountability by Government in the application of resources from payments received from extractive industry companies; and
(e) to ensure conformity with the principles of Extractive Industries Transparency Initiative.