Extractive Sector Needs Speedy Reforms, Says Shamsuna | Independent Newspapers Limited
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Extractive Sector Needs Speedy Reforms, Says Shamsuna

Posted: Aug 4, 2015 at 12:10 am   /   by   /   comments (0)

By Sylvester Enoghase,  Lagos


The Executive Secretary of NEITI, Mrs. Zainab Shamsuna Ahmed has solicited the support of the Governor of Kaduna State, Mallam Nasir El-Rufai, towards the implementation of findings and recommendations contained in NEITI Audit reports, stressing that the extractive sector needs speedy reforms.

She described issues thrown up in the reports which have remained unimplemented as “an unfortunate recurring decimal.”

Mrs. Ahmed made the call when she led a delegation of NEITI management on a courtesy visit to the Governor in Kaduna. The visit was part of a planned sensitisation programme for key officers in the new administration on the principles, methods and benefits of Nigeria’s membership of the global Extractive Industries Transparency Initiative (EITI).

She said that data from the NEITI Audit reports show that Nigeria lost about 160 million barrels of crude oil valued at $13.7 billion to crude oil theft from 2009-2012. The records she said was gotten from three international oil companies; Shell Production and Development Company, Nigerian Agip Oil Company and Chevron Nigeria Limited.

Responding, Governor of Kaduna State and member of the National Economic Council, Mallam Nasir El-Rufai, pledged his support and commitment to the EITI process in Nigeria as a global response to fight resource curse.

According to El-Rufai, “NEITI has remained one of the few institutions of Government set up for reforms that is still working because the organization by its unique composition was designed to succeed. We will study the reports and work with NEITI to reform our oil, gas and mining sectors.”

El-Rufai said as a member of the Team set up by the Economic Council to probe the inflows and outflows from the Federation Account, NEITI reports will be a reliable working document for the Committee. He promised that all “Unremitted funds arising from under payments, under assessments and other malpractices uncovered by NEITI in its reports will be recovered and used to improve the country’s infrastructure and living standards of the people.