Stakeholders Applaud Nigeria’s Ranking By EITI

Stakeholders working in the extractive sector have expressed delight over the Extractive Industries Transparency Initiative (EITI) validation report on Nigeria. In the report, Nigeria was adjudged as having made ‘Satisfactory Progress’ in the implementation of EITI standard by the EITI Board at its February 2019 meeting which took place in kyiv, Ukraine.

Mr. Kolawole Banwo, CSO Representative and Chair Civil Society Steering Committee of the NEITI Board in a statement commended the Board, Management and Staff of the NEITI for guiding Nigeria to become the second country in Africa to have attained 'satisfactory progress' in the implementation of the EITI.  

Mr. Banwo in his congratulatory message made available to NEITI affirmed that this progress attests to the level of commitment, diligence and dedication invested by all stakeholders in the EITI process in Nigeria.

“It again validates the Nigerian spirit and ability towards working for the common good. Civil Society hopes that this will be an achievement that will crystalize in natural resources and their attendant revenues translating into tangible benefits and meaningful living for our teeming population,” Mr Banwo stated.

In his commendation of Nigeria and NEITI towards achieving satisfactory progress, the National Coordinator, Publish What You Pay (PWYP) Mr. Peter Egbule encouraged the NEITI team to continue to push the boundaries of transparency to enviable heights and consolidate on the achievements.

“As I congratulate all of us for this global acknowledgement of our collective hard-work as a team, I am confident that with such sacrifices, we will one day sustainably close the gap between our profuse natural resources and a penurious citizenry,” Peter Egbule stated.

The Country Coordinator, Mac Arthur Foundation, Mr. Dayo Olaide equally congratulated NEITI and various stakeholders who have championed the validation crusade and called for sustained efforts to meet public expectation on NEITI’s new status.

“It is long coming going by the robustness of Nigeria EITI. The last 3 years particularly, witnessed continuous innovations and striving to activate the broad mandate of NEITI, strengthen partnership and responsiveness to major stakeholders previously unreached”.

In the same vein, Dr. Michael Uzoigwe of FOSTER stated that “FOSTER is delighted with the recent landmark progress achieved by Nigeria in the implementation of EITI. The attainment of a 'satisfactory progress' status of the EITI is evidence of the utmost commitment accorded the process by a wide range of stakeholders”.

“It is our strong belief that the progress with validation will motivate all key stakeholders to optimize the opportunities within the implementation of the EITI in engendering necessary reforms in the extractive sector and maximizing its benefits for Nigerian people,” Dr. Uzoigwe stated.

Mr Bassey Udo, The Chairman, Media Initiative on Transparency in Extractive Industries (MITEI) congratulated Nigeria and NEITI for the landmark achievement, urging NEITI to see the achievement as an incentive for greater work to consolidate the progress made so far.

He asserted that MITEI has partnered with NEITI all through the journey and pledged continuous partnership, support and commitment no matter how challenging it will be.