THE government has collected 1.877trn/- from 44 companies in the mining and oil and gas sectors, revealing a discrepancy of 402.41m/- between payments and revenues for the 2021/22 financial year.

Minister for Minerals Anthony Mavunde disclosed this in Dar es Salaam yesterday during the launch of the 14th report of the Tanzania Extractive Industries Transparency Initiative (TEITI).

Mavunde said that among the 44 companies, 26 operate in the mining sector, seven are involved in natural gas and oil and 11 are service providers.

According to the report, the companies reported paying 1.878trn/- to the government, resulting in a discrepancy of 402m/-, which is approximately 0.021 percent of the total reported government revenues.

He instructed that the 402m/- discrepancy be thoroughly analysed to determine its causes. The analysis will help the committee recommend measures to prevent such discrepancies in future financial comparisons.

The minister also noted that the TEITI report includes comprehensive data to adhere to EITI international standards and national laws governing TEITI activities.

The data covers production and export statistics of mineral, oil and natural gas resources, employment figures in the extractive sector, corporate social responsibility contributions and local content involvement.

TEITI Committee Chairman Ludovick Utouh said that the report's launch aims to provide transparent information to citizens and stakeholders, enabling informed discussions on how to enhance the contribution of the mining, oil and gas sectors to the national GDP.

Dr David Mathayo, Chairman of the Parliamentary Standing Committee on Energy and Minerals, praised the government's transparency in revenue reporting from the extractive sector.

He encouraged Tanzanians to review the information, understand its impact on the country's economic growth and use it to provide informed feedback and recommendations.