SPEECH BY CHAIRMAN, NATIONAL STAKEHOLDERS WORKING GROUP OF NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE ( NEITI BOARD) LEDUM MITEE AT THE END OF THE SPECIAL RETREAT FOR MEMBERS OF THE BOARD AND NEITI DIRECTORS HELD IN UYO, AKWA IBOM STATE

It is my pleasure to welcome you to this press conference by the National Stakeholders Working Group (NSWG) which is also the Board of NEITI.

As you may well be aware, when in 2003, Nigeria voluntarily signed up to the global Extractive Industries Transparency Initiative (EITI) it was based on the premise that sustainable development and poverty reduction would be brought about by more transparency in the extractive industry sector of our economy. The underlying principle is also based on   the conviction that public understanding of the management of national revenue and public expenditure, over time would facilitate public debate and inform legitimate plural choices of appropriate options and strategies on the application of the resources to achieve sustainable development...

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