The Nigeria Extractive Industries Transparency Initiative (NEITI) has set up a strategy committee to evolve modalities for bringing its operations in line with its enabling law and to devise strategies for increased transparency in the management of oil, gas and mining revenues in Nigeria.
The committee was set up Tuesday night by the national stakeholders’ working group, the governing board of NEITI, at its first meeting after the agency received statutory backing. It would be recalled that former President Olusegun Obasanjo signed the NEITI Act on May 28, 2007 after it was passed by the National Assembly.
“With the law in place, there is need to strategize on how to move forward while sustaining the momentum for extractive revenue transparency in Nigeria,” said Dr. Siyan Malomo, Chairman of NEITI. “It is important to keep Nigeria in the exalted leadership position in this vital area.”