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Article

19 May 2015

Author:
Juliet Alohan, Leadership (Nigeria)

Nigeria: Local extractives transparency initiative cites contract secrecy as major impediment to its work

'Contract secrecy major challenge in EITI implementation', 19 May 2015: The inability to open up the licencing registers of the oil and gas companies and put in the public domain the sector’s operating contracts has been identified as one of the major challenges in implementing the Extractive Industries Transparency Initiative (EITI) in Nigeria...stated…executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mrs Zainab Ahmed…Nigeria, which was adjudged an EITI-complaint country in 2012, is due for validation on January 1, 2016, with the objective of reassessing whether or not the country is still implementing the EITI principles in the operations of its oil and gas and…minerals industry…Ahmed said…it is disturbing for NEITI that the implementation of its audit reports does not have the full commitments of the relevant government agencies regarding remedial process. “The EITI requires you to report, disseminate the report and then to remedy the lapses observed by the report,” she said.