{"id":47436,"date":"2021-03-12T20:03:53","date_gmt":"2021-03-12T19:03:53","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=47436"},"modified":"2021-03-12T20:03:53","modified_gmt":"2021-03-12T19:03:53","slug":"budgit-other-csos-call-for-reform-in-nigerias-extractive-sector","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/budgit-other-csos-call-for-reform-in-nigerias-extractive-sector\/","title":{"rendered":"BudgIT, Other CSOs Call For Reform In Nigeria’s Extractive Sector"},"content":{"rendered":"

BudgIT, a civic-tech organization leading the advocacy for transparency and accountability in public finance across 4 African Countries, including Nigeria, has renewed its call for reform in Nigeria\u2019s most financially viable sector -Extractives.<\/p>\n

BudgIT made this call alongside other CSOs after its quarterly Extractive Consultative Forum on March 9, 2021, with CSOs, including Stakeholder Democracy Network, Paradigm Leadership Support Initiative, Global Rights, Policy Alert, and other stakeholders in the Extractive Sector.<\/p>\n

While presenting BudgIT\u2019s Extractive Industry Reform Document titled \u201cThe Next Frontier: Extractive Industry Reforms”, BudgIT\u2019s Extractive Transparency Lead, Adejoke Akinbode, raised the discussion on lingering issues in the sector, including ineffective Benefit Transfer mechanisms and commercially inefficient state-owned oil company, among others. She also highlighted solutions that should be explored to maximize the sector\u2019s fortune for economic growth and citizen\u2019s development, as documented in our extractive document.<\/p>\n

Speaking on other issues, Barrister Chima Williams, the Executive Director of Environmental Rights Action (ERA), Edo State, emphasized expanding conversations around state capture and illicit financial flows, and the possibility of disaggregating the Joint Ventures arrangement of Nigerian National Petroleum Corporation (NNPC). Barrister Chima also emphasised on what non-state actors must do to accelerate the passage of the Petroleum Industry Bill.<\/p>\n

In her remarks, the Executive Director of Stakeholder Democracy Network (SDN), Mrs Florence Kayemba, expressed her concerns on the neglection of the low quality of Petrol being imported into the country. This quality is far below the standard of what is obtainable in the environment where the oil is being imported. She asserted that her organization\u2019s assessment in Nigeria\u2019s south-south region shows that artisanry refined oil is confirmed to be of better quality than what the Nigerian government is importing into the country.<\/p>

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Other participants added a need to have a regulation for NNPC\u2019s cost of collection as a panacea to end the discretionary deductions by NNPC. Likewise, the Nigerian government and non-state actors need to start paying attention to happenings in the solid mineral industry, noting that in years to come, oil may become unmarketable.<\/p>\n

In the final remarks, there was a unanimous agreement that CSOs working in the extractive sector should consider developing a framework to raise an endowment fund that would guarantee access to resources to pursue necessary actions by civil society groups.<\/p>\n

\u201cWith this, non-state actors in the sector will have a relatively predictable funding source cycle, independent of changing donor priorities to enable them to adapt to changing political dynamics that influence the implementation or sustenance of reforms,\u201d said Gabriel Okeowo, BudgIT\u2019s Principal Lead.<\/p>\n

As a final resolution, participants agreed that there is a need for a joint advocacy campaign on extractive reform by CSOs, which will ultimately include using litigation where required, to make the government comply with operational processes that would be in the Nigeria people\u2019s best interest.<\/p>\n","protected":false},"excerpt":{"rendered":"

BudgIT, a civic-tech organization leading the advocacy for transparency and accountability in public finance across 4 African Countries, including Nigeria, has renewed its call for reform in Nigeria\u2019s most financially viable sector -Extractives.<\/p>\n","protected":false},"author":6,"featured_media":18018,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[8333],"coauthors":[2391],"class_list":["post-47436","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-advocacy-for-transparency-group"],"yoast_head":"\nBudgIT, Other CSOs Call For Reform In Nigeria's Extractive Sector - National Wire<\/title>\n<meta name=\"description\" content=\"BudgIT, a civic-tech organization leading the advocacy for transparency and accountability in public finance across 4 African C\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/budgit-other-csos-call-for-reform-in-nigerias-extractive-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BudgIT, Other CSOs Call For Reform In Nigeria's Extractive Sector - 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