Nigeria Extractive Industry Initiative (NEITI) aimed at ensuring transparency in the extractive industry. The agency is empowered to seek for
clarification on how much companies make from their operations, tax
paid to government and their contribution to the development of their
host government.
Introduction of the Medium Term Expenditure Framework (MTEF)
aimed at projecting revenue and expenditure estimates for a period of
time. This policy framework aligns the budget to specific objectives and
makes the budgetary process more transparent. It enhances civil society participation as well as discipline and efficiency in public finance
management
Introduction of Integrated Personnel Payroll System (IPPIS) aimed at
the elimination of payment of salaries to nonexistent workers (Ghost
workers) This measure has helped the government to save several millions of Naira in the payment of salaries to Federal workers and fishing
out ghost workers from its payroll. IPPIS is being extended to more
MDAs while the other two tiers of government are being encouraged to
adopt it.
Introduction of e-payment system which is the application of electronic
means in financial transactions between government, business entities
and citizens. The objective of this system is that it enables easy tracking
of payments to beneficiaries’ account hence:
it reduces cases of corruption;
assists corruption fighting Agencies like EFCC and ICPC in cases of
investigation;
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