The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday urged government agencies, as well as oil and mining firms, to comply with the law in the prompt provision of data and information to the organisation.
Speaking in Abuja at the inauguration of the Inter-Ministerial Task Team (IMTT) of NEITI, the Chief Executive of the initiative, Ogbonnaya Orji, explained that the law clearly spells out sanctions for flouting the rules.
The IMTT is an important aspect of the EITI process in Nigeria, being a decision made by the Federal Executive Council (FEC) after the release of the first NEITI oil and gas report that covered the years 1999-2004.
The essence of the task team is to study each NEITI industry report, map out the key findings in the reports and identify the agencies that are responsible, to carry out the remedial actions as recommended by the independent administrators. It is also expected to map out strategies that will track and report on the progress made towards the implementation of the findings and recommendations in the NEITI reports.
