Nigeria Pushes Extractive Sector Transparency Ahead of 2026 EITI Validation

Nigeria’s federal government is positioning the country as a global leader in extractive‑sector transparency through the 2026 Validation of the Extractive Industries Transparency Initiative (EITI). Senator George Akume, Secretary to the Government of the Federation, opened a three‑day joint retreat of the National Stakeholders’ Working Group and the Nigeria Extractive Industries Transparency Initiative (NEITI) senior management in Abuja.

Akume urged stakeholders to use the validation exercise, which began on July 1, to deepen reforms, strengthen accountability and boost institutional confidence. He said the real measure of success is “the extent to which transparency strengthens our institutions, builds investor confidence and restores public trust… for the benefit of the citizens.” The 2023 EITI Standard emphasises systematic disclosures, beneficial ownership, contract transparency, state‑owned enterprises, anti‑corruption, environmental reporting, energy transition and meaningful stakeholder participation. President Bola Tinubu affirmed his commitment to strategic leadership of the process.

The government framed the validation as a platform to demonstrate progress, attract investment and support sustainable national development.