OrderPaperToday – Nigeria has been appointed the Chair of the Extractive Industries Transparency Initiative (EITI) Global Network on Contract Transparency.
The appointment was announced by the Country Manager of EITI for Anglo phone countries Dr. Mike Uzoigwe at the closing ceremony of a week-long knowledge sharing sessions and retreat for management and staff of the Nigeria Extractive Industries Transparency Initiative (NEITI) held in Abuja.
The Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji is to chair the global initiative on behalf of Nigeria. The global network on Contract transparency is tasked with the specific responsibility of developing a global framework, standard and tools of engagement on Contract Disclosures in the extractive industries to guide in the 54 member countries of EITI.
“The appointment of Nigeria to Chair the EITI global Network on contract transparency is in recognition of the extensive work that NEITI has done to enshrine Contract disclosure as part of its rules of engagement with covered entities in Nigeria. I am happy to inform you that Nigeria has accepted the role’’ Dr. Orji Ogbonnaya Orji stated.
Dr. Orji noted that the appointment of Nigeria to lead the Global Network is an acknowledgement and recognition of the enormous work and leadership that Nigeria has shown towards the implementation of the EITI over the years.
The Executive Secretary explained that, “NEITI remains committed and is in a hurry to deepen the implementation of EITI in Nigeria, improve revenue flows from the extractive sector into government coffers and improve overall governance of the sector to attract investments, create jobs and reduce poverty in the country’.
Dr. Uzoigwe further affirmed the readiness of the EITI to support the Nigerian government in this direction pointing out that Nigeria remains the most elaborate EITI implementing country among 55 member countries through the work of NEITI.