Extractive

Although Nigeria has since 2003 signed up to EITI and in 2007 Enacted the NEITI Act to promote accountability in the extractive industry, the country has yet to make any notable efforts in ensuring disclosure and transparency in its extractive dealings.

Extractive distillation Extractive distillation is similar to azeotropic distillation, except in this case the entrainer is less volatile than any of the azeotrope's constituents.

If that happens, rockhounding would fall under the control of the General Mining Law of 1872, which regulates extractive industries that take such raw materials as gold, silver, lithium and oil from the earth on public lands.

In the 2019 audited reports by the Auditor General of the Federation and Nigeria Extractive Industries Transparency Initiative (NEITI), revealed that 146 million barrels of crude oil was missing.

That, he adds, diverts technology toward extractive activities.

The conference, which has as theme "Addressing Illicit Financial Flows and Asset Recovery in the Extractive Industries", was attended by policymakers, regulators, civil society organizations, industry stakeholders and the media.

These strategies are particularly vital for a nation traditionally dependent on extractive industries, offering a blueprint for other nations.

The state has consistently made its commitments to extractive capital clear and backed that up with funding and with militarised police deployments.

Tourism is a major economic driver that has long been experienced by the Native Hawaiian Community as extractive and transactional.

Ghana’s economy, which grew by 6.9 per cent year-on-year in the second quarter of 2024, has been driven largely by a strong expansion of the extractive sector which has boosted demand for fuel.

He informed that the SIREXE conference is an international event organised by the Government of Côte d’Ivoire that focuses on “Policies and Strategy for the Sustainable Development of the Extractive and Energy Industries”.

Its extractive projects follow centuries-old patterns of colonial and neocolonial exploitation characterised by a for environmental protection, human rights, and the socioeconomic wellbeing of local communities.

Nigeria’s ongoing underdevelopment is not an inevitable consequence of its history or ethnic diversity but rather a result of weak, extractive institutions.

The Committee member cited reports which indicate that government officials are often intolerant of journalists who question the government’s policies, especially in relation to the extractive sector.

The extent to which local communities are in the driver’s seat, and how widely the benefits accrue beyond local elites, will be instrumental in avoiding the extractive practices that have often haunted rural economies.

The extractive, fossil-fuel economy is out; the renewable, regenerative economy is in.

The federal Bureau of Land Management has long offered public land leases for industry, such as oil and gas development and other extractive uses.

They went further, saying they were “committed to further financial and economic sanctions… including continuing to target Russia’s energy revenue and future extractive capabilities”.

This information and data were contained in the latest oil and gas industry independent report released to the public in Abuja by the Nigeria Extractive Industries Transparency Initiative.

This network acknowledges the precipice of the climate crisis, a consequence of centuries of relentless extractive institutional systems, unchecked economic growth, and the proliferation of unsustainable lifestyles.