NEITI was ranked fifth among 200 government agencies recently weighed on the scale of compliance to the Freedom of Information Act.

The ranking exercise conducted by a non-governmental organisation (NGO), Public Private Partnership Development Centre (PPPDC) considered level of access to procurement-related information from public institutions, proactive disclosures, and response to requests among others as benchmarks for the ranking.


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A renowned professor of Geology from the University of Ibadan, and member of the NEITI Governing Board, Professor Olugbenga Okunlola has called on the Federal Government to take urgent steps to implement the 2016 Roadmap for the Mining Sector.

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The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has identified five key areas in which Nigeria can experience sustained economic recovery beyond merely getting out of recession.

The key areas are: maximizing and adding value to endowments; entrenching transparency and accountability in management of extractive industry resources; saving enough for rainy days; restructuring the economy; and investing in health, education and infrastructure to expand the creative and productive capacities of the people.

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The Philippines Extractive Industries Transparency Initiative (PH-EITI) has made history as the first and only EITI implementing Country to have made “Satisfactory Progress” – a term used to describe a Country that has achieved all the requirements contained in the EITI Standard.

The decision was taken by the Board of EITI in its meeting in Philippine in recognition of the country’s ability to use the EITI data to hold government to account, drive government reforms and generate public debate.


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The 38th meeting of the EITI International Board holds in Manila, Philippines from the 25th to 26th October 2017 at the Conrad Manila Hotel.

The meeting will be preceded by a conference on Beneficial Ownership holding in Jakarta, Indonesia from the 23rd to 24th October 2017.

Government agencies in member countries responsible for tax collection, drafting or implementation of laws, establishing and managing company registry regulating the petroleum and mining sector as well as those coordinating issues are expected at the conference.

The EITI meeting will begin on the 24th with meetings of committees on Civil society, Companies, implementing and supporting countries constituencies.

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The figures released by the National Bureau of Statistics for the second quarter of this year (Q2 2017) show that the economy grew in Q2 2017 by 0.55% from -0.91% in Q1 2017 and -1.49% in Q2 2016.  This in effect means that the Nigerian economy has exited recession after five successive quarters of contraction.

This positive growth is attributable to both the oil and non-oil sectors of the economy.  Growth in the oil sector which has been negative since Q4 2015 was positive in Q2 2017.  It rose by 1.64% as compared to -15.60 in Q1 2017, an increase of up to 17 percentage points.  This improvement is partly due to the fact that oil prices which have improved slightly from the lows of last year have been relatively steady as well as the fact that production levels were being restored.

The non-oil sector grew by 0.45% in Q2 2017, a second successive quarterly growth after growing 0.72% in Q1 2017.  This increase which was not quite as strong as it was in Q2 2016 reflects continuing fragility of economic conditions.  However, given that nearly 60% of the non-oil sectors contribution to GDP is influenced by the oil sector, growth in the oil sector will help boost the rest of the economy.

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The commitment by the Nigerian government to establish a public beneficial ownership register received a boost today, as key agencies of the government met in Abuja to fine-tune strategies for implementation.  The meeting which was held under the auspices of the Open Government Partnership (OGP) had in attendance the representatives of the Nigerian Extractive Industries Transparency Initiative(NEITI), the Corporate Affairs Commission(CAC) and the Federal Ministry of Justice amongst others.

The Nigerian government has committed to ending secret company ownership as part of the anti-corruption commitments under the Open Government Partnership(OGP) in May 2016, by opening a publicly accessible beneficial ownership register. Such efforts are expected to bring an end to situations where individuals and entities especially politically exposed persons(PEPs) mask their identity while retaining controlling powers over companies, corporations and assets.

Speaking at the end of the meeting the National Coordinator of Open Government Partnership and Special Adviser to the President on Justice Reforms, Mrs Juliet Ibekaku- Nwagwu outlined how such efforts can complement other anti-corruption efforts of the current administration. According to her: “Beneficial ownership transparency is the sixth commitment in the National Action Plan of the Open Government Partnership. It critical to ongoing efforts to trace, recover and repatriate stolen assets and disrupt illicit financial flows. By the time the beneficial ownership register is made public, there will be no hiding place for those who wish to conceal “dirty” money’

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