New Telegraph

NEITI sets up committee on contract transparency

The Nigeria Extractive Industries Transparency Initiative (NEITI) has set up a Joint Inter-Agency Committee on public disclosure of contents of all oil, gas and mining contracts, and also contracts in the solid minerals sector, among others. Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, who made this known at a special training in Contract Transparency for members of the NEITI National Stakeholders Working Group (NSWG) in Lagos State, explained that the joint committee was carefully drawn from relevant government agencies with direct responsibilities on managing Nigeria’s interests in various funding arrangements in the sector governed by contractual obligations. According to him, the Joint Inter-Agency Committee on Contract Transparency is expected to develop a national roadmap and a work-plan for the implementation of contract disclosure in the oil, gas and mining industries.

Orji disclosed that Nigeria was set to assume leadership of the global Contract Transparency Network with effect from January 2022, comprising of 20 member countries including; Indonesia, Philippines, Mexico, Armenia, Cameroun, Chad, DR Congo, Ghana, Malawi, Guinea, Mongolia, Mozambique, Myanmar, Senegal, Sao tome e’ Principe, Togo, Zambia and Tanzania. Chairman of the NSWG, Mr Olusegun Adekunle, reaffirmed commitment of NEITI to providing the leadership and strategic direction required by the Agency to implement contract transparency disclosures and other EITI emerging issues.

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