resource revenue

Signing of Capacity building deal to help industry

Head of the Extractive Industries Transparency Initiative Secretariat, Lucas Alkan, said this during the signing of meeting minutes to begin the ‘Improving Resource Related Revenue Management Project.’

Alkan said the first two reports of the Secretariat for 2013 and 2014 contained significant gaps in fiscal reporting of revenues generated and distributed from the mineral, oil and gas sectors.

He said with the support of the Japan International Cooperation Agency (JICA), the reporting on revenues from the extractive industry will drastically improve.