FG TARGETS TRANSPARENCY AS 2026 EITI VALIDATION BEGINS, SAYS REFORMS WILL ATTRACT OIL & MINING INVESTMENT
FG TARGETS TRANSPARENCY AS 2026 EITI VALIDATION BEGINS, SAYS REFORMS WILL ATTRACT OIL & MINING INVESTMENT ABUJA. The Federal Government says Nigeria is ready for the 2026 validation exercise of the "Extractive Industries Transparency Initiative, EITI", as an international team prepares to visit the country this month. The SGF and Chairman of the National Stakeholders Working Group, Senator George Akume, stated this while opening a 3-day strategic retreat of NEITI and NSWG in Abuja on Monday. WHAT IS THE 2026 EITI VALIDATION? EITI is a global standard that promotes open and accountable management of oil, gas and mineral resources. Every few years, member countries are assessed to see if they are meeting transparency rules. The 2026 validation exercise officially commenced July 1, 2026. The international validation team is expected in Nigeria in August. GOVERNMENT’S POSITION Akume said the validation is an opportunity for Nigeria to show progress in oil and gas governance ...