DOMESTICATION OF EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI) IN NIGERIADOMESTICATION OF EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI) IN NIGERIA                                             ISBN: 8-978-48297-1-7                                          2010

Gaps Between Commitment and Implementation.A Civil society Assessment of the performance of extractive industries Initiatives (NEITI)

Edited by: Dr. Sofiri, Joab –Peterside , Ekanem – Bassey

 Natural resources belongs to the citizens, the general population therefore has the right to know the financial details of any revenues such as royalties fees, and exploration licences generated from this resources.The Extractive Industries Transparency Initiatives (EITI) was established in 2002 and has taken giant steps in the direction with its list of principles and criteria of upholding the view that revenues generated from natural resources should contribute to development and poverty alleviation.

Nigeria has made considerable mark in the global initiative for transparency in the management of extractive Industries, as the first country to pass extractive industries transparency initiative (EITI) ACT in 2007,NEITI was inaugurated in February, 2004 with the National Stakeholders WorkingGroup (NSWG) to oversee its activities.

It is an indisputable fact that Nigerian model –(NEITI) is more ambitious than that of the global framework Extractive Industries Transparency Initiatives (EITI) making the country a global leader in this respect.

NEITI, since its establishment in 2004 has engaged in various processes in the pursuit of its mandate and part of these activities includes commissioning of comprehensive audit of Nigeria`s Petroleum Industry for the period 1999 to 2004.

This was the first comprehensive audit since the Country struck Crude oil in commercial quantity in 1956.

 In spite of the initiative, of putting the NEITI audit report in public domain, the people at the grassroots are not aware of either the Extractive Industries Transparency Initiative (EITI) or the Nigerian version of it.

 Interestingly, despites the poor state of awareness of the rural people about the EITI and NEITI, when informed that both programmes aim at enhancing popular knowledge and transparency about revenues accruing to Government through oil and gas, majority of the respondents in the South-south region enthusiastically expressed support for EITI and NEITI.

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2010-04-10T12:14:03+00:00April 10th, 2010|Categories: Books, Publications|1 Comment

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