Nigeria's Federal Government plans to utilize the Extractive Industries Transparency Initiative (EITI) as a key tool for reforms, aiming to exceed the standard compliance checklist.
The Federal Government of Nigeria has announced its intention to deploy the Extractive Industries Transparency Initiative (EITI) as a strategic reform tool. This move is designed to help the country surpass the EITI compliance checklist requirements.
EITI serves as an international standard to promote transparency in the management of natural resources, particularly in oil, gas, and mining sectors. By leveraging EITI, Nigeria seeks to enhance governance and accountability in its extractive industries.
This initiative aligns with broader efforts to strengthen institutional frameworks and improve international standing in resource management. No specific timeline or additional details on implementation were provided in the announcement.
