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Battling Opacity in Extractive Sector - Vimarsana News

Battling Opacity in Extractive Sector

If anything, the extractive industries in Nigeria, have always donned the toga of being some of the least open in the world. Emmanuel Addeh writes that with the ongoing efforts of the Nigeria Extractive Industries Transparency Initiative, which appears to be pushing the frontiers of transparency in the sector, a lot appears to be changing. It would be stating the obvious to say that Nigeria has a poor track record when it comes to operations in the oil and gas as well as the country’s mining industries. Indeed, whether in the award of oil blocks, exploratory activities or even in basic matt...

Nigeria comes under obligation to disclose petroleum contracts' terms - Vimarsana News

Nigeria comes under obligation to disclose petroleum contracts' terms

Nigeria comes under obligation to disclose petroleum contracts’ terms On ***NNPC, DPR, MCO contracts will be made public — NEITI By Obas Esiedesa – Abuja Nigeria will from January 1, 2021 come under obligation to make terms of contracts entered into in the oil and gas, and solid minerals sectors available to citizens in line with a new standard by the Extractive Industries Transparency Initiative (EITI). Under the 2019 EITI Standard, implementing countries are required to disclose any contracts and licenses that are granted, entered into or amended after January 1, 2021. Countries are ...