Fidelity bank banner Bayelsa State banner
How NEITI saved extractive sector from collapse — Senate Committee

By News Express on 20/01/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 7,502

•Committee Chairman, Senator Tijjani Yahaya Kaura
•Committee Chairman, Senator Tijjani Yahaya Kaura

 The Chairman of the Senate Committee on Federal Character and Inter-Governmental Affairs, Senator Tijjani Yahaya Kaura has said that the intervention of the Nigeria Extractive Industries Transparency Initiative (NEITI) in the management of Nigeria’s extractive sector has saved the sector from imminent collapse. He stated this in Abuja when NEITI appeared before the committee to defend its 2018 budget proposal.

Kaura explained that the monumental corruption that characterised the oil and gas industry since inception had resulted in a situation where the natural resources became a curse rather than a blessing to the citizens.

"We are aware of the courageous work that NEITI has done and the sanity that its intervention has brought to the sector in spite of mounting challenges. NEITI’s bold and courageous disclosures have drawn attention and beamed the torch light on the sector that is the lifeline of the nation,” Kaura stated.

He expressed his committee’s delight and satisfaction over the excellent work done so far by NEITI especially in the last two years and promised to support the agency in ensuring that it gets the required resources to enable it fulfill its mandate.

“We have very high regards for you and your agency because we know you are transparent,” Kaura added. “I personally commend the Executive Secretary and his able team in NEITI for walking the talk.”

He called on other agencies of government to emulate the competence, professionalism and integrity exhibited by NEITI in the discharge of its duties.

Presenting the budget, the Executive Secretary of NEITI, Mr. Waziri Adio appealed to the committee for support in ensuring adequate appropriation so that the agency will continue to deliver in its mandate.

He told the committee that the driving philosophy of NEITI remains the promotion of a culture of learning and achieving much with less and commended the government for supporting the operations of NEITI even when the pronouncements of the agency appear to challenge the status quo.

He reaffirmed the commitment of the NEITI to remain professional, bold and courageous in confronting institutional, governance and man-made obstacles that frustrate transparency and accountability in the extractive sector especially the oil and gas industry.

Adio identified the “automation of NEITI audit process, timely and regular reporting, and multi-stakeholders’ mobilisation towards using the EITI framework for reforms” as key priorities of the agency.

He used the forum to renew his appeal to the National Assembly to see its relationship with NEITI as that of critical partners in the monitoring and oversight functions. One way to achieving this, he added, is for the National Assembly to “Ensure that NEITI reports are publicly debated at plenary sessions of the Senate and House of Representatives, pay attention to the recommendations contained in the report and ensure that remediation occurs. This will guarantee that the on-going reforms in the sector championed by NEITI’s advocacy impact the citizenry. This is not what we can do all alone by ourselves. We need you and others to play their parts,” Adio further said.

Source News Express

Posted 20/01/2018 04:15:27 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Buhari tasks ministers

Bombing: HURIWA calls for Civilian JTF in Abuja...

Immunisation: FG targets 32 million children in 11...

Movement Against Negligence in Schools holds Health, Safety...

Abuja protest clash: PDP calls for immediate inquest...

Jubilation as Gov. Ugwuanyi inaugurates reconstructed historic Enugu...

It will be a day of dust haze...

Babalola, Ali bag honourary degrees as Fountain University...

Nigerian Centenary City and Cairo Ojougboh, By Suleiman...

You can’t force speed limiting device on motorists,...

Shot Abia Commissioner dies

OIC to discuss humanitarian situation in North-East, Lake...

 

Latest News BREAKING: Again, National Assembly postpones resumption •Extends break till October Osun governorship election null and void — Lawyer APC BOT member storms Atiku’s rally, bags query Osun Guber: PDP rejects INEC’s ‘inconclusive’ declaration INEC fixes date for run-off election in Osun Ekiti PDP aspirants vandalise secretariat, reject alleged imposition by Fayose Konga to invest N2.9bn in Kxpress to resolve e-commerce delivery issues in Nigeria Imo 2019: It’s Madumere or never for APC, says Nze Onuoha Obiano, Obi ‘two of the greatest leaders in Nigeria’ Osinbajo, Ambode lead eminent Nigerians to Lolu Akinwunmi’s book launch Three armed robbers shot dead in Ogun Youth development: Nigeria, country of focus, says U.S.

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (396,656 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (376,814 views) Shameless Genevieve Nnaji exposes breasts in public (308,592 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,676 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,382 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,674 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,147 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,711 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,781 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,399 views) Lagos plane crash: Journalist releases victims’ names (158,197 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,934 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,625) Business Verdict (52) Columnists (933) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (652) Global Business Monitor (301) International (2,427) Interview (165) Live Commentary (28) Love Matters (144) News (39,089) Opinion (1,110) Pidgin (11) Politics (6,720) Religion (872) Sports (1,703) Stock Watch (34) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Anthony Joshua vs Alexander Povetkin: Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement