The global Extractive Industries Transparency Initiative (EITI), says that upcoming validation exercise for Nigeria is not pass or fail examination for the country.
The global Extractive Industries Transparency Initiative (EITI) validation process is a quality assurance mechanism to ascertain the level of compliance to EITI standard in the oil, gas and mining sectors among member countries, including Nigeria.
The EITI regional Director, Mr. Pablo Valverde, explained that the exercise is a way of providing consistent assessment of progress against specific EITI requirements. The exercise, he added, is to help countries that seek to improve their oil, gas and mining sectors operations.
Speaking at a Stakeholders’ Workshop on Validation in Abuja organized by the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Valverde gave assurance that the validation is more of peer learning exercise than punitive.
The workshop was part of efforts to prepare Nigeria for the Validation exercise, slated for 11th July 2018. During the exercise, the country would be assessed based on progress against corrective/remedial actions from her first Validation report.
Executive Secretary of NEITI, Waziri Adio, who spoke on: “Beyond validation: Scaling up NEITI’s Impact announced that NEITI’s preparation for validation has reached advanced stage.
It will be recalled that in July 2016, Nigeria underwent validation under the 2016 EITI Standard. Based on the validation report, the EITI Board ranked Nigeria in the “Meaningful Progress” category and identified specific issues which Nigeria through NEITI needs to address before the next assessment in July 2018.
Also speaking at the event, the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru said the corporation is working in alignment with EITI objectives and opportunities, as being implemented in Nigeria by NEITI.
Represented by the Group General Manager, Crude Oil Marketing Division of the NNPC, Mr Mele Kyari, Baru noted that things had taken a turn for the better in the corporation under his watch. “I am sure our colleagues in the NGOs would recognize today that things are just different and together all of us will make our country greater. I am assuring the EITI Board and all stakeholders that things are different now and would continue to be different.”Since May 2015, NNPC has taken several measures to ensure transparency in its operations, including the elimination of dual pricing for domestic crude allocation and the automation of its transactions.“We have re-enforced auditing of our operations including third party and the direct sale of crude oil to refineries, reputable traders, upstream companies and Nigerian entities,” NNPC Boss added.
Participants at the workshop included members of parliament, government agencies, civil society organizations (CSOs), media, development partners, and representatives of extractive companies.