The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed regrets over the death of the Chairman, Punch Newspapers, Mr. Gbadebowale Aboderin. NEITI says the death is a major setback in the promotion of corporate governance and professional ethics in the media profession in Nigeria.

In a condolence message to the Managing Director/Editor in Chief of Punch Newspapers Mr Ademola Osinubi on the death of the media executive, the NEITI Executive Secretary, Mr. Waziri Adio described Mr. Aboderin, as a reliable ally and champion on transparency, accountability and good governance issues.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) with support from Trust Africa held training on Advanced Media Relations and Advocacy for its staff and stakeholders in Abuja. The event took place from 26th – 27th, April 2018.

The Executive Secretary of NEITI, Mr. Waziri Adio, in his remarks, welcomed all participants, thanked Trust Africa for providing the support in this critical sector of media relations and advocacy, and stressed the importance of training for all stakeholders in the EITI process.

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The implementation of Extractive Industries Transparency Initiative (EITI) in Nigeria is a veritable tool for managing conflicts and insecurity in extractive communities.

Mr. Waziri Adio, the Executive Secretary of the Nigeria Extractive Industries Initiative (NEITI) stated this while delivering a speech at the 7th Sustainability in the Extractive Industries (SITEI) Conference recently held in Abuja.

‘‘One of the tools for managing conflicts, crisis and insecurity in the extractive sector is the EITI.When you do things in the open, the possibility of conflicts or disagreements is minimized”, Mr Adio noted.

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The civil society and media stakeholders have urged the Federal Government to sanction defaulting agencies for failure to implement remedial issues contained in the audit reports conducted by theNigeria Extractive Industries Transparency Initiative (NEITI).

This was part of the consensus among participants at a civil society/media workshop on remedial issues in the reports, held recently in Abuja.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has once again drawn the attention of the Federal Government to the urgent need to put in place the necessary laws required to fix the numerous governance problems confronting the oil and gas sector.

The Executive Secretary of NEITI, Mr. Waziri Adio stated this in Abuja at the opening of a Symposium to set the agenda on the Petroleum Industry Governance Bill (PIGB) recently passed by the two chambers of the National Assembly. Mr. Adio identified the protracted delays in passing these laws as responsible for the uncertainties and stagnation of investment opportunities in the sector.

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The long - held aspiration of the Nigeria’s Upstream Sector is to grow crude oil reserves to 40 billion barrels and production to 4 million barrels of oil per day (bopd), improving local content, maximizing sectors value and most importantly derive as much revenue from gas as from oil.

One of such needed reforms is to overhaul the multiple laws governing exploration and production and help Nigeria reach these goals. The Petroleum Industry Bill was splitin tranches to allow for its speedy passage. One of the components of the bill is the Petroleum Industry Governance Bill, which aims to emplace an effective institutional framework, set up structures for establishment ofa commercially driven petroleum entities while also promoting transparency in the administration of Nigeria’s petroleum resource.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has relocated from its former office in Maitama to a new office in Asokoro, Abuja.

The Executive Secretary of NEITI, Mr. Waziri Adio made this known to stakeholders and the public recently. The new office is located at No 60, Nelson Mandela Street, off Kwame Nkrumah Street, Asokoro, Abuja.

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