Global Rights in partnership with Civil Society Legislative Advocacy Centre (CISLAC) and the Nigeria Extractive Industries and Transparency Initiative (NEITI) hosted a two-day workshop tagged “Promoting Transparency, Fiscal Accountability and National Development in Nigeria’s Extractive Industry Governance” through transparency, accountability and the adaptation of international best practices, including EITI processes and the implementation of the African Mining Vision (AMV).

The workshop, which is part of a series of dialogues aimed at strengthening and increasing engagements between civil society actors and the government, engaged oversight institutions tasked with fostering transparency and fiscal justice in Nigeria’s extractive industry, in particular – the Nigerian Extractive Industries and Transparency Initiative (NEITI). It also appraised the Nigerian Mining Industry Roadmap against the backdrop and aspirations of the AMV, and the ECOWAS Mining Directive, with the aim of creating essential linkages for advocacy by civil society actors.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) says the time is now for Nigeria to embrace fully a robust policy to save for the rainy day and for the next generation from accruing oil and gas revenues.

The urgent measures that need to be taken include the immediate transfer of all revenues savings in the stabilization fund and the Excess Crude Account into the Nigeria Sovereign Wealth Fund.

In an occasional paper titled “a case for a robust oil savings fund for Nigeria”, NEITI alerted the nation that a national consensus on saving for tomorrow has become urgent to prepare the country to overcome frequent commodity price volatility and depletion of non-renewable resources.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for the transfer of all the country’s oil revenue savings into the custody of the Nigeria Sovereign Investment Authority (NSIA).

In an Occasional Paper tittled ‘‘the case for a robust oil savings fund for Nigeria”, NEITI stated that its position was informed by the transparency rating of the NSIA by the global Sovereign Wealth Institute. The NSIA had scored 9 out of 10 on the Sovereign Wealth Institute’s transparency index, the highest score by any African Sovereign Wealth Fund.

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The United Nations Office on Drugs and Crime (UNODC) has identified the support of the Media as critical success factor in Nigeria’s anti-corruption campaign.

Addressing the closing ceremony of a special meeting for Journalists working closely with anti –corruption agencies in Lagos, the Country Director, Ms Christina Albertin underlined the need for the media to embrace evidence-based reporting of anti-corruption practice in Nigeria.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed commitment to partner with students in Social Science, Economics and Commercials on extractive industries governance.

This commitment was made through the NEITI’s Team lead Outreach Mr. Chris Ochonu, at the inception meeting between NEITI and Executives of the International Association of Students in Economic and Commercial Sciences (AIESEC), held recently at University of Abuja, Gwagwalada Campus.

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The Nigeria Extractive Industries Transparency (NEITI) said it has confidence in the ongoing efforts by the current leadership at the Ministry of Mines and Steel Development to reform and transform the Nigerian mining sector.

The Executive Secretary of NEITI, Mr. Waziri Adio, stated this recently, while playing host to executive members of Women in Mining, Nigeria (WiMN) led by its President, Hon. (Engr.) Janet Adeyinka at the NEITI Secretariat in Abuja.

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All is now set for the 6th Sustainability in the Extractive Industry (SITEI) conference scheduled to hold in Abuja from the 19th-20 July 2017.

The conference jointly organized by CSR-in-Action and the NEITI is to stimulate debates, evolve strategies, and contribute to government’s plans of building local capacity for the Extractive Industries in Nigeria.

The Chief Executive Officer of CSR-in-Action, Mrs Bekeme Masade said the focus of the conference will be on the 7 Big Wins of the NNPC and the 20- point agenda to end militancy in the Niger Delta of the Oil & Gas sector as identified by the government.

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