The Guardian Nigeria News - Nigeria and World News guardian.ng 23 Sep, 2020 05:00 am

Fresh concern over contract secrecy in Nigeria’s oil, gas sectorBusiness

Fresh concern over contract secrecy in Nigeria’s oil, gas sectorBusiness
The secrecy shrouding terms and conditions of contracts in Nigeria’s extractive sector has, once again raised concern for stakeholders, especially

The secrecy shrouding terms and conditions of contracts in Nigeria’s extractive sector has, once again raised concern for stakeholders, especially as the country fights corruption.They group called for the development, adoption, and implementation of a framework for contract transparency in the extractive sector in Nigeria.The CSOs noted that contract transparency is compatible with the anti-corruption thrust of the present administration, and constitutes a major way to consolidate anticorruption efforts in the extractive sector.To address the situation, the group called on the Federal Government to commence multi-stakeholder consultations on how to proceed with the implementation of contract transparency in the extractive sector in accordance with all her international commitments.

They also asked the Federal Ministries of Petroleum Resources, and Mines and Steel Development; the Nigerian National Petroleum Corporation (NNPC); and Mining Cadastre Office to collaborate with the NEITI and other stakeholders, including CSOs, to develop and adopt a framework for the implementation of contract transparency in the nation’s extractive sector.According to the document, there was a need for civil society organisations to engage the office of the Attorney-General of the Federation, and Minister of Justice through the Open Government Partnership Secretariat, to commence the review of the necessary legislative and policy frameworks that will make the implementation of contract transparency in the extractive sector a reality in Nigeria.

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