• Tech - News
  • Updated: January 27, 2024

EITI urges reconstitution of national stakeholders working group

EITI urges reconstitution of national stakeholders working g

The Global Extractive Industries Transparency Initiative (EITI) has requested that the Nigeria Extractive Industries Transparency Initiative's National Stakeholders Working Group (NSWG) be reconstituted.

Dr Bady Balde, Deputy Executive Director of the Global EITI Secretariat, told reporters in Abuja on Friday that he hoped the organization's recommendation for reconstitution will be implemented.

According to the News Agency of Nigeria (NAN), the EITI is a global standard for open, transparent, and responsible management of oil, gas, and mineral resources.

The EITI delegation was in Nigeria to review NEITI's post-validation plans and to discuss ways to promote EITI implementation there.

Balde had requested that the NSWG be reconstituted so that NEITI could carry out its national mandate and obligations as a member of the global EITI.

He stated that the team had received a firm commitment from the Secretary to the Government of the Federation, Sen. George Akume, to the NSWG reconstitution recommendation and looked forward to seeing it implemented.

“We have high expectations that the group will be reconstituted quickly,’’ he said.

Speaking, Dr. Orji Ogbonnaya Orji, Executive Secretary of the NEITI, emphasised the importance of preserving its structure, which is a key worry. The delegation also stressed that it should be free of political interference.

He said, “Each time you dissolve the NSWG, it is a major problem for the organisation, we are happy that the SGF has promised to urgently bring the matter to the attention of President Bola Tinubu to address.

“The existence of a strong multi stakeholder group with a structured secretariat is one of the conditions for membership of the global body which has 57 members.

“This visit has re-enforced those messages, there are a lot of lessons learnt, a lot of opportunities to explore and gains to consolidate on.”

Orji expressed delight with the delegation's visit and thanked the intentional Chair and the personnel at the EITI headquarters.

One of the most significant obstacles for NEITI is the lack of the working group affected by the dissolution of all federal boards.

NSWG, also known as the board in Nigeria, is a multi-stakeholder coalition made up of extractive companies, civil society, and government that is required for any country to join the 57-member international organisation.

The group had previously had fruitful meetings with authorities from the Nigerian National Petroleum Company Limited (NNPC Ltd), Corporate Affairs Commission (CAC), National Assembly, SGF, and oil and gas players, among others.

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...


We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings