FG INAUGURATES 15-MEMBER NEITI GOVERNING BOARD

 In Investor News

The Federal Government has inaugurated a 15-member governing board of the Nigeria Extractive Industries Transparency Initiative (NEITI) to enhance the smooth running of the agency. This is to ensure that the agency continues in its quest for transparent and accountable management of Nigeria’s natural resource revenues.

According to the News Agency of Nigeria (NAN), the Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, who performed the inauguration on Thursday in Abuja, congratulated the members, saying their appointment as NEITI board members was based on individual merits and track records. Mustapha said, “Your appointment and inauguration, which is taking place here today is another practical demonstration of President Muhammadu Buhari’s commitment to transparency and accountability in the management of our economic resources. And especially, given the mandate and objectives of Nigeria’s NEITI.’’

Mustapha said that the present administration is passionate about the NEITI process because it serves two key agendas of the administration adding that the extractive industry is very strategic to Nigeria’s economy, hence central to the administration’s economic agenda. He said the transparency and accountability in the management of the nation’s resources are at the centre of the anti-corruption agenda of Nigeria and as such the present government is irrevocably committed to the implementation of NEITI in the oil, gas, and mining industries.

The SGF, therefore, tasked NEITI board members to ensure that the agency continues to preserve the virtues for the benefit of the present and for future generations of Nigeria. He said, “In order to achieve this, I must remind you that your assignment is non-partisan because NEITI itself is non-political and has maintained dignified neutrality all through almost two decades of existence.

It is also necessary for me to stress that your appointment is a part-time one. You are therefore advised to conduct yourselves in accordance with this requirement.’’ In his response during the inauguration, Mr. Olusegun Adekunle, a retired Permanent Secretary, Office of the SGF, who will serve as the Chairman of the governing board, thanked President Muhammadu Buhari for considering them worthy for the appointment.

Adekunle said that the board would not disappoint the president in the course of carrying out its assigned duties adding that his appointment alongside other board members is another opportunity to serve Nigeria in another capacity. He said, “Let me also congratulate my colleagues on the board for this wonderful opportunity to serve our nation in a different capacity. I must say that the confidence reposed in us is huge but our commitment to this assignment is also strong; we shall therefore, work as a team with focus and with integrity.’’

Read more at: https://nairametrics.com/2021/07/22/fg-inaugurates-15-member-neiti-governing-board/

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