NEWS
EITI Appraises Nigeria’s Oil, Gas Industry Reforms
The Global Extractive Industries Transparency Initiative (EITI) team is in Nigeria to assess the impact, transparency and accountability in the oil, gas and mining sectors.
The validation mission, effective Monday, is part of the 2026 EITI’s Validation Exercise that commenced on July 1.
The exercise is particularly significant for Nigeria, as it provides an opportunity for the country to demonstrate how far it has implemented the corrective actions identified during its previous assessment and strengthened the governance of its natural resources.
The Nigeria EITI, in a statement issued on Sunday under the signature of its Director of Communications and Stakeholders Management, Obiageli Onuorah, said the arrival of the global assessors marked a major stage in the ongoing validation process.
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The mission is expected to run from August 10 to August 14, during which the assessors will conduct a comprehensive quality assurance assessment and consult a wide range of stakeholders involved in Nigeria’s extractive industries.
The statement read, “The Nigeria Extractive Industries Transparency Initiative announces the arrival of the Global Extractive Industries Transparency Initiative Validation Assessors as part of the ongoing 2026 EITI Validation Exercise which commenced on July 1st 2026. The presence of the EITI Mission in Nigeria marks a significant stage in Nigeria’s 2026 EITI Validation and forms part of the global EITI Validation process.
“During the mission, which commences August 10th 2026, the Validation Assessors will undertake a comprehensive quality assurance assessment and hold consultations with key stakeholders”
The stakeholders include government institutions, the National Assembly, oil, gas and mining companies, civil society organisations, development partners, anti-corruption agencies, host communities and the media.
The assessors will also meet senior government officials and key institutions involved in the management and oversight of Nigeria’s extractive resources.
Among those expected to meet the mission are the Secretary to the Government of the Federation and Chairman of the NEITI Board, Senator George Akume; members of the NEITI National Stakeholders Working Group; the Ministers of Finance and Budget and Economic Planning; the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited; NEITI’s Inter-Ministerial Task Team; members of the Senate Committee on Public Accounts and other relevant committees of the National Assembly, as well as the Ministry of Industry, Trade and Investment.
The consultations are expected to give the assessors an opportunity to hear directly from stakeholders about the country’s implementation of the EITI Standard, ongoing reforms and outstanding challenges in the extractive sector.
Commenting, the Executive Secretary of NEITI, Musa Adar, described the exercise as an important opportunity for Nigeria to demonstrate its commitment to responsible management of its oil, gas and mining resources.
“Nigeria remains firmly committed to the principles of the Extractive Industries Transparency Initiative. We regard the Validation process as an opportunity not only to assess the progress we have made, but also to highlight areas where further reforms can enhance extractive sector governance,” Sarkin Adar said.
The NEITI boss said the agency had worked with the National Stakeholders Working Group and other stakeholders to prepare for the assessment.
According to him, the preparations included the submission of Nigeria’s validation documentation and targeted engagements with stakeholders in line with the requirements of the 2023 EITI Standard.
He expressed confidence that the mission would strengthen Nigeria’s relationship with the global EITI and reinforce its commitment to transparency, accountability and prudent management of its natural resources.
Validation is the EITI’s independent quality assurance mechanism for determining how well implementing countries comply with the EITI Standard.
The process examines the extent to which countries have improved transparency and accountability in the management of extractive resources while also identifying areas requiring further reforms.
For Nigeria, the latest exercise comes against the backdrop of its previous validation, which produced a moderate score but also identified areas requiring corrective action.
Nigeria underwent its fourth EITI validation in January 2023 under the 2019 EITI Standard and obtained an overall score of 72 points.
The assessment identified a number of corrective actions that Nigeria was expected to address before its next validation.
The 2026 exercise will therefore provide an independent assessment of whether the country has made measurable progress since the last validation and whether reforms have been institutionalised across the extractive sector.
The assessment covers issues central to the management of Nigeria’s vast oil, gas and mining resources, including transparency, public oversight and accountability.
The latest validation is also taking place as Nigeria seeks to deepen reforms in its extractive industries and attract more investment into the upstream oil and gas and mining sectors.
The country has long faced concerns over revenue leakages, opaque ownership structures, crude oil theft, weak public oversight and limited transparency around the management of natural resources.
The EITI process is designed to help address some of these challenges by promoting disclosure and encouraging collaboration among government, extractive companies and civil society.
Nigeria joined the EITI as an implementing country in 2004 and subsequently enacted the NEITI Act in 2007, establishing a statutory framework for promoting transparency in the management of the country’s extractive industries.
Since then, NEITI has conducted industry audits, published reports and made recommendations aimed at improving revenue collection, reducing leakages and strengthening accountability in the oil, gas and mining sectors.
The 2026 validation therefore comes at a critical point for the country as it seeks to demonstrate that previous recommendations have translated into concrete institutional reforms rather than remaining largely on paper.
NEITI said the exercise would also allow stakeholders to present their perspectives on the reforms and challenges affecting the extractive sector.
“The 2026 EITI Validation is an opportunity to demonstrate the progress Nigeria has made in strengthening extractive sector governance, addressing previous corrective actions and institutionalising reforms that promote transparency and accountability,” the agency stated.
The outcome of the exercise will provide an external assessment of Nigeria’s implementation of the EITI Standard and could influence the direction of further reforms in the sector.
The validation mission is expected to conclude on August 14.
NEWS
‘A Nation Cannot Escape the Bill’ — Atiku Questions Tinubu’s Third UNGA Absence
Former Vice President Atiku Abubakar has questioned President Bola Tinubu’s third consecutive absence from the United Nations General Assembly (UNGA), demanding an explanation for the president’s decision not to attend the global gathering.
Atiku made the remarks in a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, as Vice President Kashim Shettima leads Nigeria’s delegation to the 81st UNGA in New York.
According to Atiku, Tinubu was absent from the 79th UNGA in 2024 and the 80th session in 2025, and has again stayed away from the 81st session in 2026.
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The former vice president said the repeated absences could no longer be regarded as a coincidence or routine delegation, arguing that they required an explanation.
Atiku also questioned whether Tinubu’s documented history with United States law-enforcement agencies had become a burden on Nigeria’s foreign relations.
“The United Nations General Assembly is one of the world’s most important diplomatic gatherings. It brings together the representatives of the UN’s 193 member states and provides a unique platform for presidents and prime ministers to defend their countries’ interests, negotiate partnerships and shape global decisions on trade, security and development,” Atiku said.
He acknowledged that Shettima could represent Nigeria at the gathering but maintained that the vice president’s representation could not permanently substitute for the president’s personal authority and visibility.
“Vice President Shettima may represent Nigeria capably, but representation by delegation cannot permanently substitute for the personal authority, visibility and responsibility of the president,” he said.
“Tinubu cannot continue to treat Nigeria’s seat at the world’s biggest diplomatic table as though it were an inconvenient appointment that can be endlessly outsourced.”
Atiku further argued that UNGA was not simply a ceremonial event, noting that important bilateral meetings, investment discussions, trade negotiations and development-financing engagements take place on the sidelines of the gathering.
“Presidential absence on the global stage has consequences. UNGA is not merely a ceremonial gathering or an annual photo opportunity,” he said.
“Its side-lines are where leaders hold decisive bilateral meetings, court investors, negotiate trade partnerships, mobilise development finance and make the case for their countries.”
The former vice president said Nigeria could lose investment and other economic opportunities as a result of the president’s continued absence.
“When a president makes himself absent from that stage for three consecutive years, his country loses opportunities. Investment does not follow silence. International capital does not pursue a country whose leader repeatedly abandons the room in which consequential economic relationships are being built,” Atiku said.
He linked the issue to investment, employment and capital inflows, arguing that reduced investment could increase pressure on the naira and contribute to higher costs for Nigerians.
“The cost is eventually transferred to ordinary citizens: fewer investments mean fewer businesses and fewer jobs. Reduced capital inflows place additional pressure on the local currency,” he said.
“A weaker naira raises the cost of imports, production, transportation and food. These are among the economic pressures now punishing Nigerian families through the worst cost-of-living crisis in living memory.”
Atiku concluded by saying that while the president could regard attendance at UNGA as a matter of personal prerogative, Nigeria would ultimately bear the consequences of the decision.
“Tinubu may consider attending UNGA a matter of personal prerogative, but the economic and diplomatic consequences of his absence are being paid by Nigerians. A President may surrender his seat, but a nation cannot escape the bill,” he said.
NEWS
Tinubu Reacts as Former Kogi Governor Ibrahim Idris Dies at 77
President Bola Ahmed Tinubu has reacted to the death of former Kogi State Governor, Alhaji Ibrahim Idris, who died on Sunday at the age of 77.
Tinubu expressed deep sorrow over the former governor’s death and extended his heartfelt condolences to the Idris family, the government and people of Kogi State, as well as his friends, associates and political colleagues.
The President’s reaction was contained in a statement issued on Monday, September 21, 2026, by his Special Adviser on Information and Strategy, Bayo Onanuga.
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Tinubu described Idris’ death as a significant loss to Kogi State and Nigeria, noting that the former governor devoted a substantial part of his life to public service and the development of the state.
Ibrahim Idris served as Governor of Kogi State from 2003 to 2011.
According to the President, Idris’ administration recorded interventions in infrastructure, education, healthcare and other critical sectors.
Tinubu also acknowledged the late former governor’s contributions to Nigeria’s democratic development and his many years of engagement in public affairs.
The President said: “Alhaji Ibrahim Idris was a committed public servant whose years in office formed an important chapter in the political and developmental history of Kogi State.
“His passing is a painful loss to his family, Kogi State and Nigeria. At this difficult moment, we must remember and honour his contributions to the growth of his state and our nation.
“I extend my deepest condolences to his family and the people of Kogi State. May Almighty Allah forgive his shortcomings, accept his good deeds and grant him Aljannah Firdaus.”
Tinubu further prayed that Almighty Allah would grant the deceased’s family the strength and fortitude to bear the loss.
NEWS
Why Ondo is Buying Dangote Shares for 500 Citizens
In the bid to promote wealth creation and expose youths to investment opportunities, the Ondo State Government has unveiled plans to buy shares for 500 young entrepreneurs in the state in the Dangote Group.
Ondo State Governor, Lucky Aiyedatiwa, made the disclosure on Saturday at the 2026 ONDEA Entrepreneurs Summit in Akure, with the theme: “Positioning entrepreneurs for emerging opportunities”, where he also launched the Lucky Light Initiative, a programme designed to provide reliable solar power support for 1,000 small businesses across the state’s 18 local government areas.
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The governor also unveiled an N80 million grant package for 20 entrepreneurs under the Ondo State Entrepreneurship Agency (ONDEA) My IDEA initiative, with each beneficiary receiving N4 million alongside business support, mentorship and international business exposure opportunities.
Aiyedatiwa further promised to purchase shares in the Dangote Group of Companies for 500 young entrepreneurs in Ondo State as part of efforts to expose them to investment opportunities and encourage wealth creation.
He said the initiatives form part of his administration’s vision to transform Ondo from a civil service-driven economy into an entrepreneurship and innovation hub.
According to him, the state is deliberately building an entrepreneurial ecosystem that connects ideas to skills, skills to businesses, businesses to finance and businesses to markets.
“Our fundamental objective is to move from simply producing raw materials to processing, packaging, branding and exporting value-added products. We must build enterprise not only for markets within Ondo State, but other parts of Nigeria and ultimately to the world,” Aiyedatiwa stated.
He said ONDEA has become a strategic platform for opening opportunities for entrepreneurs through business formalisation, training, equipment support and enterprise development.
The governor noted that the number of beneficiaries under the ONDEA My IDEA programme was increased from 10 to 20 to accommodate more innovative entrepreneurs.
On the Lucky Light Initiative, Aiyedatiwa said the programme would provide clean and affordable energy to small businesses to enhance productivity and reduce operating costs.
“Lucky Light is an initiative designed specifically to support 1,000 small businesses with reliable, clean and affordable power. It is not a household electrification programme; it is an economic intervention designed to power businesses across all 18 Local Government Areas of Ondo State,” he said.
While speaking during the summit, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, represented by his Special Adviser, Toba Oyedele, said entrepreneurs would be central to the Federal Government’s ambition of building a $1 trillion economy by 2030.
He urged entrepreneurs to take advantage of emerging opportunities created by economic reforms, innovation and investment initiatives.
Speaking on the impact of the summit, the Special Adviser to the Governor on Entrepreneurship, Innovation and Investment, Dr Summy Smart Francis, said the event demonstrated the state’s commitment to entrepreneurship and innovation.
“We received over 2,703 applications. We have three levels of screenings and they get to the final judges where we identify the 20 ideas that have the strategy to be able to add economic impact to the state. Each of them was given N4 million and they are entitled to a business trip outside the country,” Francis said.
Also speaking, media entrepreneur and former Managing Director of TVC Entertainment, Morayo Afolabi-Brown, called for increased investment in the Southwest, saying the region possesses vast opportunities beyond Lagos and should attract greater economic attention.





