HomeBUSINESSGlobal Transparency Body Condemns NEITI for Publishing Outdated Data

Global Transparency Body Condemns NEITI for Publishing Outdated Data

The Extractive Industries Transparency Initiative (EITI), the leading advocate for transparency in the oil and mining sectors, expressed deep concern on Friday regarding the release of outdated data by the Nigerian Extractive Industries Transparency Initiative (NEITI).

Moreover, EITI criticized NEITI’s delay in providing timely data, calling on local and international journalists to hold transparency agencies accountable for releasing reports promptly.

Also, NEITI recently announced that its audit reports for the oil, gas, and mining sectors in 2022 and 2023 would be available in September of this year.

According to EITI’s Deputy Executive Director, Bady Balde, the 2021 reports released by NEITI are obsolete and fall far short of expectations. Balde revealed this information during a press briefing in Abuja following discussions with NEITI, other agencies and ministries in the sector, as well as lawmakers.

Furthermore, Balde emphasized the urgency for NEITI to catch up with the latest data, citing examples from other countries like Senegal and Norway, which have already published up-to-date information for 2022 and beyond.

Balde highlighted Senegal’s ability to present 2022 data while NEITI was still releasing 2021 information and emphasized that more than half of the required data in Senegal would be available to the public by June.

The EITI official stressed the need to keep NEITI accountable, pointing out the organization’s size, with over 100 staff members compared to EITI’s 50 members. Balde called for sharper analysis, technical expertise, and timely information delivery from NEITI to bridge the significant data gap.

Responding to EITI’s concerns, NEITI’s Executive Secretary, Ogbonnaya Orji, acknowledged local challenges contributing to the delays but assured guests that the agency had resolved the issues.

Orji affirmed that the 2022 and 2023 NEITI reports would be published by September, expressing commitment to improving technical expertise, timely reporting, and filling the existing void.

He also acknowledged the valuable lessons learned from EITI’s visit, noting that the global body would provide additional training to NEITI in various areas related to the extractive industries.

NEITI aims to address the raised concerns before the next visit of the EITI delegation, vowing to set new standards and establish itself as an exemplary institution in promoting transparency.

The spotlight is on NEITI as global pressure mounts to accelerate the release of up-to-date data, ensuring transparency and accountability in Nigeria’s crucial oil and mining sectors. 

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments