EITI chair to meet Buhari on NEITI report

The Chair of the global Extractive Industries Transparency Initiative (EITI), Clare Short, will arrive in Nigeria today on a tree-day working visit.

While in Nigeria, the EITI chief is expected to hold consultations with President Muhammadu Buhari on the implementation of reports of the Nigeria Extractive Industries Transparency Initiative (NEITI) as well as the proposed reforms in the oil, gas and mining sectors.

The meeting is also expected to provide the international chair the opportunity to brief the president on the importance of integrating the EITI principles in his economic policy agenda as obtainable in resource rich countries globally.

NEITI Director of Communications Dr. Orji Ogbonnaya Orji said this in a statement yesterday.

According to the statement, the visit of Short to Nigeria is seen as a global endorsement of Buhari’s commitment to good governance, transparency and accountability, which are consistent with EITI principles.

The statement noted that the President had listed the implementation of the findings and recommendations of NEITI Audit Reports as a priority within his administration’s 100 days in office.

NEITI reports have publicly disclosed several cases of mismanagement, underpayment of taxes, royalties, under-assessment and other lapses resulting in billions of dollars revenue loss to the Federation.

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