Stories by Emmanuel Addeh in Abuja
The federal authorities has reaffirmed its dedication to the Extractive Industries Transparency Initiative (EITI), pledging to deepen public disclosure, income reconciliation, unbiased audits and institutional accountability throughout Nigeria’s extractive sector.
The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, gave the reassurance in Brussels, Belgium, whereas delivering Nigeria’s dedication assertion on behalf of President Bola Tinubu on the EITI Leadership Forum of the 2026 EITI Global Conference, a press release by his spokesman, Louis Ibah, mentioned.
Speaking on the theme: “Transparency for Shared Prosperity,” Ekpo mentioned the federal government’s ongoing reforms had been aimed toward making petroleum revenues simpler to hint, plugging leakages and giving residents larger visibility into how proceeds from the nation’s pure sources are collected and deployed.
He introduced that Nigeria would, by the tip of 2027, publish a progress replace detailing the reforms applied underneath the dedication and the measurable enhancements recorded.
Ekpo mentioned Nigeria’s dedication to transparency had moved past coverage declarations and was more and more embedded within the nation’s laws, establishments and regulatory processes.
He recalled that Nigeria joined the EITI in 2003 and domesticated the initiative a 12 months later, whereas the Nigeria Extractive Industries Transparency Initiative Act of 2007 subsequently established a statutory framework for its implementation.
The minister additionally pointed to provisions of the Petroleum Industry Act (PIA) 2021 requiring public registers of petroleum licences and leases, in addition to the disclosure of helpful possession info.
According to him, the Tinubu administration is additional strengthening the traceability and oversight of petroleum revenues by directing their remittance into the Federation Account and bettering the reconciliation, reporting and administration of income flows.
He cited Executive Order 9 of 2026, which he mentioned additionally addresses sure deductions and preparations affecting revenues accruing to the Federation.
“For Nigeria, this is both a fiscal and a transparency reform,” Ekpo mentioned, including that the measures present a clearer pathway from petroleum manufacturing to income assortment, remittance and eventual appropriation.
