NEITI lauds NNPC, DPR others on compliance

The Nigeria Extractive Industries Transparency Initiative (NEITI) has applauded its stakeholders in the oil, gas and mining sectors of the nation’s economy for implementing the principles of the global Extractive Industries Transparency Initiative (EITI). It said this had led to the ranking of the country’s as making “Satisfactory Progress”.

Its Executive Secretary, Mr. Waziri Adio, expressed delight over cooperation extended to NEITI by government agencies including the Ministry of Petroleum Resources, Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue (FIRS), Department of Petroleum Resources (DPR), the Central Bank of Nigeria, Ministry of Mines and Steel Development and its agencies like the Mining Cadastre Office, Mines Inspectorate Department, were outstanding.

In a statement, Adio also expressed appreciation to the companies under the canopies of Companies Forum, Miners Association of Nigeria and Oil Producers Trade Section (OPTS) operating in the extractive sector that had given NEITI  support during the validation.

In addition, the civil society organisations including Publish What You Pay (PWYP), Media Initiative for Transparency in Extractive Industries (MITEI) and the Media among others had contributed in no small measure towards the ranking in the highest category of Nigeria by the EITI.

“This highest ranking by the EITI is a major milestone for Nigeria and the invaluable roles of relevant millennium development agendas (MDAs), Companies and civil society organisations (CSOs) working to push for reforms in the sector are hereby duly acknowledged and deeply appreciated by NEITI,” he said.

He said the current trend of reforms in the country’s extractive sector made possible by the determination and commitment of its stakeholders to see change happen in a sector that is considered for now to be the life wire and mainstay of the economy was one of the determining factors for the ranking of the country.

Adio, who had earlier personally written letters to the different stakeholders to officially inform, congratulate and thank them about Nigeria’s achievement of the highest status in EITI implementation noted their support during the validation exercise which saw Nigeria make history again was  phenomenal and should be sustained.

He reiterated the commitment of NEITI to continue to work closely with its stakeholders to push for reforms and enthrone transparency and accountability in the extractive sector in Nigeria.

“On our part, we are committed to keeping Nigeria in this leadership position in the EITI community which our country voluntarily joined in 2003 and we will continue to crave your support to us as an organisation and to the full actualization of the NEITI mandate as enshrined in the NEITI Act 2007,” Adio said.