NEITI boss expresses excitement over Nigeria’s latest OGP ranking
…Says FG’s political will, enormous resources invested in Extractive industry yielding results
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has expressed excitement that the international community is beginning to see Nigeria’s efforts at fighting corruption and deepening its democracy.
Orji’s comment is coming as Nigeria earned first position at the Open Government Partnership (OGP) Global Awards in Seoul, South Korea, on Wednesday.
He described the award as impressive and most encouraging, considering the political will and enormous resources the government has deployed to reposition the extractive industry to benefit all Nigerians.
The award heralded the opening ceremony of the Summit of OGP member countries and Nigeria defeated other countries in Africa and the Middle East that are implementing the OGP.
Nigeria’s emergence followed a painstaking independent review of reforms embarked upon by implementing countries.
The review tracked and assessed milestones achieved by the Nigerian government in setting up a Beneficial Ownership registry to end anonymous companies in the country.
NEITI’s Thematic Group implemented Beneficial Ownership disclosures as part of President Muhammadu Buhari administration’s commitment to Open Government Partnership.
Other agencies that worked with NEITI were the Nigerian National Petroleum Corporation, NNPC, the defunct Department of Petroleum Resources (DPR), the Corporate Affairs Commission, CAC, and the Nigerian Civil Society representatives.
The Summit considered the Buhari administration’s overall commitment to reforms in the oil, gas and mining sectors and the government’s support to NEITI to establish a beneficial ownership register of Companies in business in Nigeria’s extractive sector.
Also considered were the broader reforms in beneficial ownership disclosure by the CAC through the amendment of the Companies And Allied Matters Act and the recent Petroleum Industry Act, which made specific provisions for Beneficial Ownership transparency.
The OGP Summit in Seoul also recognized Nigeria’s commitment to integrate Beneficial Ownership Information and use it as a tool to fight insecurity, illicit financial flows, tax evasion and money laundering.
Orji, complimented other sister agencies that worked with NEITI, the OGP National Steering Committee and the civil society for the collective success.
The NEITI Executive Secretary remarked that, “This Award is quite timely. We received the news here in Sharm El Sheik, Egypt, venue of the ongoing Conference of the United Nations Convention Against Corruption, with excitement. Nigeria is leading four other countries to introduce a Resolution that will recognize and use Beneficial Ownership information and data as an empirical tool in the recovery of stolen assets from developing countries.
“The OGP Award has strengthened Nigeria’s position as the country prepares to submit a Nigeria-led draft resolution to the United Nations Conference of State Parties here in Egypt. I am here with the Attorney General of the Federation and Minister of Justice, Chairmen of the EFCC and ICPC, Registrar General of CAC and our Ambassador here in Egypt,” he explained.
Orji further recalled that “Nigeria’s journey to beneficial ownership disclosure followed a trajectory. In December 2019, NEITI created a Beneficial Ownership Register for extractive industries companies and became the first in Africa to have such a register. In 2020 the Companies and Allied Matters Act was amended and mandated the CAC to establish and collect information on the real owners of all companies in a business in Nigeria. In 2021, Nigeria enacted the Petroleum Industry Act (PIA) and made copious provisions for beneficial ownership disclosures. Nigeria is also among nine the global EITI implementing countries of the Opening Extractives initiative.”
He maintained that when Beneficial Ownership is fully mainstream into Nigeria’s governance culture, there will be public trust, citizens’ confidence, and increased revenue growth.
The Minister of Finance, Budget and National Planning, Dr Mrs Zainab Ahmed, also congratulated Nigeria for bagging the first position award.
She noted that establishing a beneficial ownership register has helped Nigeria “track, reduce and arrest corrupt practices that are undertaken either by companies or beneficial owners of companies.”
Ahmed pointed out that once people realize that the information will be public, it is a significant deterrent to state capture.
Chief Executive Officer of Open Government Partnership, Sanjay Pradhan, affirmed that the OGP platform seeks to ensure that governments and civil society commitments on specific reform programmes are turned into concrete actions. Civil Society Activist Auwal Musa Rafsanjani commended the OGP for considering Nigeria for the awards.
He stated that the OGP has brought about the synergy between state and non-state actors, accelerating Nigeria’s development. Besides Nigeria, other recipients were Tunisia and Ghana, which bagged the second and third places for the Right to Information and Open Data Initiative.
The OGP is celebrating its 10th anniversary, showcasing how government and civil society partnerships have brought ambitious reforms and more robust results. Over the past decade, 78 countries have engendered more than 4,500 reforms between governments and civil society.
Two thousand of these were reviewed independently, out of which over 20 per cent were adjudged to have made governments significantly more open. Among the reforms that the OGP considered is Nigeria’s Beneficial Ownership Transparency programme, which came tops.
