The Nigeria Extractive Industries Transparency Initiative (NEITI) is finalizing arrangements to conduct virtual trainings for the Media and the Civil Society Organisations (CSOs) on the revised 2019 EITI Standard.
The virtual engagements with stakeholders has become necessary in view of the ravaging COVID-19 pandemic and the need to comply with the Federal Government directives on social distancing.
The online events will educate members of the media and the civil society on the revised Standard which sets the guidelines for implementation of the Initiative among the 51 implementing member nations.
The objective of the training is to keep these categories of NEITI stakeholders abreast of emerging issues in the EITI implementation as it evolves from the global body.
Most significant changes introduced in the new EITI Standard which will form core issues for discussion in the one-day capacity building include contract transparency, gender, production and export data, systematic disclosures, commodity trading, project level reporting, sub-national transfers, environmental reporting and open data efforts among other issues.
The Extractive Industries Transparency Initiative is a global standard for the good governance of oil, gas and mineral resources. The body as part of its innovation and reforms came up with a new standard for the 53 implementing member countries to address gaps that may undermine the quest for transparency and accountability in the governance of the extractive sector.
The EITI Standard outlines the requirements applicable to countries implementing the EITI as well as the Articles of Association governing the global body.
The Media and the civil society organisations are part of the tripod on which the EITI stands. These categories of NEITI stakeholders have been playing critical roles in the EITI implementation in the country hence NEITI placed a premium on building their capacity to enable them effectively discharge their functions as watch-dogs.
The virtual training for CSOs and the media will be one of the compliance benchmarks by NEITI to the rules on social -distancing.