A global standard for transparent natural resource governance
NEITI implements the Extractive Industries Transparency Initiative standard to promote openness, accountability, and responsible management of Nigeria’s natural resources.
A global coalition for better resource governance.
The Extractive Industries Transparency Initiative is a global standard and coalition dedicated to the idea that natural resource wealth should benefit all citizens through transparent and accountable management.
Nigeria has participated in the EITI process since 2007, demonstrating its commitment to transparency in the extractive sector.
Support improved governance through transparency and accountability.
EITI helps citizens hold government accountable for the management of extractive revenues and supports stronger public trust in resource governance.
2007
Nigeria became an EITI implementing country.
Global
A standard used by resource-rich countries worldwide.
Principles behind the standard
Transparency
All information about extractive industries should be open and publicly accessible.
Accountability
Governments and companies must explain their decisions and be accountable to citizens.
Good Governance
Managing natural resources responsibly for sustainable development and public benefit.
Civil Society Participation
Communities and civil society organizations have a right to know and participate in decisions.
What implementing countries disclose
Revenue Disclosure
Disclosure of all government revenue from extractive industries in a standardized format.
Company Payments
Companies disclose payments made to government for extraction rights, royalties, and obligations.
Production Data
Regular publication of production statistics for oil, gas, and solid minerals.
Validation & Audits
Independent verification and validation of reported figures by qualified third parties.
Beneficial Ownership
Disclosure of the real owners behind companies operating in the extractive sector.
Stakeholder Engagement
Inclusive multi-stakeholder groups oversee implementation and verify disclosures.
Continuous improvement through reporting and validation.
NEITI supports Nigeria’s implementation of EITI standards through regular reporting, stakeholder oversight, and continuous strengthening of disclosure practices.
Learn more about the global EITI initiative
The EITI website provides information about member countries, global standards, and transparency practices being promoted worldwide.
Visit EITI.org