NIGERIA’S LATEST EITI RANKING via thisdaylive
The board of the Extractive Industries Transparency Initiative recently adjudged Nigeria to have achieved Satisfactory Progress, the highest rating in the implementation of all the requirements of the 2016 EITI Standard. This positive news about our country and the increasing openness of its most strategic, and still opaque, sector is commendable. However, this rare recognition should lead to more, not less, transparency and accountability in the Nigerian oil and gas sector.
In this particular instance, Nigeria was assessed against 30 requirements. It achieved Satisfactory Progress in 28 requirements and achieved “Beyond” in two. While Beyond is used to assess individual requirements to acknowledge areas in which implementing countries go beyond the requirements, it is not used for the overall assessment.
The Chairman of EITI, Fredrik Reinfeldt, a former Prime Minister of Sweden, made this third point well. He said: “Nigeria’s implementation of the EITI Standard remains in many respects a model for implementing countries globally.” This is thus a significant moment for Nigeria and for President Muhammadu Buhari under whose watch this happened, and to all Nigerians.
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