NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE ACT

Section 21: Interpretation.

2007Section 21 of 22Federal Republic of Nigeria

In this Act-
"extractive industry company" means any company in Nigeria that is engaged in the business of prospecting, mining, extracting, processing and distributing minerals and gas, including oil, gold, coal, tin, bitumen, diamonds, precious stones and such like; and includes any agency or body responsible for the payment of extractive industry proceeds to the Federal Government or its statutory recipient;
"Federal Government" means the Federal Government of Nigeria;
"Government" means the three tiers of the Government of Nigeria, including Federal, State and Local Government, and their respective Ministries, agencies and departments;
"President" means the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria;
"statutory recipient" means any entity to whom by law, extractive industry companies or Government are obliged to make payments;
"extractive industry expert" means a person who has spent a minimum of ten (10) years in a management position in the extractive industry;
"NSWG" means National Stakeholders Working Group.

Cite this section

Section 21, NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE ACT (2007).

https://repo.podus.ai/laws/nigeria-extractive-industries-transparency-initiative-act/section/21/