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EITI welcomes NEITI's new board, says it will promote transparency in Nigeria's extractive sector

EITI welcomes NEITI's new board, says it will promote transparency in Nigeria's extractive sector
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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 matters like how many litres of petrol the country consumes daily, it is mostly discussed in hushed tones, with various agencies of government releasing conflicting figures. ....

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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 also required to document government’s policy on the disclosure of contracts and licenses that govern the exploration and exploitation of oil, gas and minerals. ....

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