All is now set for the Nigeria Extractive Industries Transparency Initiative (NEITI) National Conference. The event holds from 9th to 10th February, 2012 at Transcorp Hilton, Abuja-Nigeria.
The Conference with the theme “Delivering Transparency, Reaping Accountability and Prosperity” is designed to promote a clearer understanding of the extractive industries in Nigeria; their scope and variety; their global status; governance processes; the fiscal regimes associated; and their place in national economic development. The event is a forum to deepen stakeholders and wider public understanding of the NEITI processes, audit reports findings and their relevance to the national transformation agenda of Mr. President.
The transformation agenda of the Federal Republic of Nigeria identifies four key areas of focus. These are good governance; human capital development; real sector and infrastructure. The expected outcomes centre on jobs creation, poverty alleviation, better resource management, elimination of corruption and sustained economic development.
In the key sector policies, programmes and projects dealing specifically with the process of institutionalizing good governance, the Transformation Agenda assigns an important role to the Nigeria Extractive Industries Transparency Initiative (NEITI). The agenda specifies as one of the four sectoral processes “to fully implement the NEITI Act 2007. The objective is to reduce corruption and loss of national revenue in the extractive industry sector”.
Furthermore, the global Board of the Extractive Industries Transparency (EITI) recently revised its rules. To ensure that the new rules are widely understood by the public in general and stakeholders in particular, NEITI is expected to play an important role in this respect. Besides, NEITI is in the processes of extending the scope of EITI reporting to solid minerals sector and mainstreaming accountability (in addition to due process and transparency) in the EITI implementation in Nigeria.
To prepare NEITI, its stakeholders and Nigeria in general, to engage deeply and systematically in EITI implementation in Nigeria, NEITI has embarked on the development of a strategic plan, as well as medium term sector strategy. The national conference is the third arm of this preparation.
President Goodluck Ebele Jonathan has been invited to declare the conference open. Other high ranking government officials, extractive company executives, diplomats, donors and civil society groups are among distinguished guests expected at the conference.