NSWG Deliberates on Board Charter Principles and Framework

The principles and framework for a Board Charter for members of the National Stakeholders Working Group (NSWG) were among the deliberations at the NEITI Training Workshop held at M-Plaza Hotel, Accra, Ghana from 4th to 9th of October. The NSWG agreed that the theme of the Board Charter be centrally focused on "Corporate Governance and Best Practice" for NEITI and the Extractive Sector.

The Board Charter will help NSWG expound the legal provisions establishing NEITI and provide the basis for effective governance of NEITI and the Extractive Sector in Nigeria. The principles and contents of the Board Charter will be concluded and adopted at the forthcoming retreat of the NSWG.

The Accra workshop also developed strategic roadmap for reforms towards establishing a leading model of governance for the Nigeria Extractive Industries Transparency Initiative (NEITI).

Experiences of other countries in transparent management of revenue flows from the extractive sector and their application to wider transparency and anti corruption tools were exposed to participants.

Tutorials on EITI processes, methods, best practices, responsibilities and powers of NSWG as well as NEITI Secretariat under the NEITI Act of 2007, also formed the basis of the 3-day training.

The programme was facilitated by the IDL group including the Synergy Global Consulting, all based in the United Kingdom and Blandford Consulting of South Africa.

NEITI Chairman, Professor Assisi Asobie in his remarks at the workshop said that it was an important step in building the capacity of NSWG members and the newly appointed Directors at NEITI Secretariat to institutionalize NEITI as an anti-corruption agency in the Extractive industry in Nigeria.

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