• About us
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, October 24, 2026
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home Uncategorized

FG Backs EITI Validation, Reaffirms Transparency In Nigeria’s Extractive Industry

By Nkechi Eze

newspegonline24 by newspegonline24
August 10, 2026
in Uncategorized
Reading Time: 2 mins read
0
FG Backs EITI Validation, Reaffirms Transparency In Nigeria’s Extractive Industry
Share on FacebookShare on TwitterShare on Whatsapp

The Federal Government has reaffirmed its support for the Extractive Industries Transparency Initiative (EITI) validation exercise in Nigeria, pledging to strengthen transparency, accountability and good governance in the management of the country’s natural resources.

The Secretary to the Government of the Federation, Senator George Akume gave the assurance on Monday, August 10, 2026, in Abuja while receiving a delegation of Global Validation Assessors from the EITI.

Akume, who was represented by the Permanent Secretary, General Services Office (GSO), Dr. Ibrahim Abubakar Kanasaid the Federal Government’s support for the validation process was in line with President Bola Ahmed Tinubu commitment to promoting openness, good governance and sustainable economic growth.

According to an official statement signed by the Head, Information and Public Relations, Chris Ugwuegbulam, the SGF said Nigeria remained committed to the EITI framework because of its emphasis on transparency, accountability and the rule of law.

“Nigeria is proud to be part of EITI. Our commitment stems from our belief in transparency, accountability, and the rule of law. As a signatory to the EITI charter, we are committed, on behalf of His Excellency, President Bola Ahmed Tinubu, to keep our systems open to the EITI process,” Akume stated.

He said the visit of the global assessors provided an opportunity for Nigeria to demonstrate its commitment to international standards and accountability in the extractive sector.

The SGF disclosed that the government was implementing reforms to strengthen regulatory frameworks, improve access to data and ensure that extractive activities complied with national laws and international standards.

“We are implementing reforms aimed at increasing transparency. The government is determined to address the challenges in the Nigerian extractive industry within the shortest possible time to ensure a seamless validation process and guarantee that our natural resources benefit all citizens,” he said.

Akume urged the assessors to engage extensively with stakeholders during the validation process and assured them of the Federal Government’s full cooperation.

In his response, the Leader of the EITI Global Validation Team, Mr. Riley Zecca, commended Nigeria’s proactive approach to implementing the initiative, noting the country’s importance to the EITI global secretariat due to the scale of its extractive sector and ongoing reforms.

Zecca said the team’s objective was to support the Nigeria Extractive Industries Transparency Initiative (NEITI) in meeting the requirements of the 2023 EITI Standard while making the validation process a learning and capacity-building exercise.

Earlier, the Executive Secretary of NEITI, Hon. Musa Sarkin Adar, thanked the SGF for his continued support for the agency’s efforts to promote transparency and good governance in the extractive sector.

Adar reaffirmed NEITI’s commitment to international best practices and the use of technology to improve data accuracy, accessibility and stakeholder engagement.

The EITI Validation Exercise commenced on July 1, 2026.

ShareTweetSend
Previous Post

Operation UDO KA Cracks Down On Kidnap Syndicate, Recovers Four AK-47s

Next Post

Navy Seizes Weapons, Arrests Three Suspected Militants In Bayelsa

newspegonline24

newspegonline24

Related Posts

Uncategorized

NITDA Launches 2026 Cybersecurity Awareness Month, Urges Nigerians To Strengthen Digital Safety

October 1, 2026
Uncategorized

As ‘Ọsọ Marwa’ Sweeps Across Nigeria’s Forests

September 25, 2026
Uncategorized

Religious Leaders Must Help Shape Corruption-Free Society — EFCC Boss

September 24, 2026
Next Post
Navy Seizes Weapons, Arrests Three Suspected Militants In Bayelsa

Navy Seizes Weapons, Arrests Three Suspected Militants In Bayelsa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

Nigeria-China Ties: ICPC, Xinhua Discuss Information Sharing, Anti-Corruption Cooperation

Nigeria-China Ties: ICPC, Xinhua Discuss Information Sharing, Anti-Corruption Cooperation

October 24, 2026
2027 Elections: INEC Moves To Protect PWDs Against Discrimination, Electoral Violence

2027 Elections: INEC Moves To Protect PWDs Against Discrimination, Electoral Violence

October 24, 2026
  • Trending
  • Comments
  • Latest
NDLEA Raids Lagos Night Club, Arrests Pretty Mike, Uncovers Cocaine Syndicate and Female Loud Distributor in Citywide Crackdown

NDLEA Raids Lagos Night Club, Arrests Pretty Mike, Uncovers Cocaine Syndicate and Female Loud Distributor in Citywide Crackdown

October 26, 2025
IGP Honors Promoted Officers, Emphasizes Accountability and Professionalism in Policing

IGP Honors Promoted Officers, Emphasizes Accountability and Professionalism in Policing

December 23, 2025
COAS lauds NAOWA’s leadership in boosting morale, welfare and innovation within Army families

COAS lauds NAOWA’s leadership in boosting morale, welfare and innovation within Army families

November 25, 2025

Nigeria to Leverage its Diaspora Community    Economic Growth – Tuggar

July 19, 2024

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4
Maiduguri Beyond the Smoke: Secured By Sacrifice, Reclaimed by Hope

Maiduguri Beyond the Smoke: Secured By Sacrifice, Reclaimed by Hope

3

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2
Nigeria-China Ties: ICPC, Xinhua Discuss Information Sharing, Anti-Corruption Cooperation

Nigeria-China Ties: ICPC, Xinhua Discuss Information Sharing, Anti-Corruption Cooperation

October 24, 2026
2027 Elections: INEC Moves To Protect PWDs Against Discrimination, Electoral Violence

2027 Elections: INEC Moves To Protect PWDs Against Discrimination, Electoral Violence

October 24, 2026
IGP Disu Charges Officers To Translate Egypt Training Into Better Security Operations

IGP Disu Charges Officers To Translate Egypt Training Into Better Security Operations

October 24, 2026
CDS Oluyede Moves To Strengthen Veterans’ Welfare With Dedicated Hospitals, Soft Loans

CDS Oluyede Moves To Strengthen Veterans’ Welfare With Dedicated Hospitals, Soft Loans

October 23, 2026
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2026 Newspeg magazine - powered by Xtended.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2026 Newspeg magazine - powered by Xtended.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In