• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, November 14, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NEITI Seeks Subnational Partnerships As Govt Commits To Energy Transition

by Chika Izuora
6 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Extractive Industries Transparency Initiative (NEITI) has commenced a weeklong Strategic Retreat and Board Meeting in Umuahia, Abia State, as part of efforts to review its national strategy on energy transition.

Advertisement

The retreat will help the agency in strengthening institutional reforms, and deepen partnerships with subnational governments on natural resource governance and domestic revenue mobilization.

The retreat, supported by the Ford Foundation, brings together members of the NEITI National Stakeholders’ Working Group (NSWG) and Senior Management Team to deliberate on the ongoing NEITI research study on the impact of energy transition on Nigeria’s economy, as well as review policy implementation and strategic alignment under NEITI’s Five-Year Strategic Plan.

Advertisement

Declaring the retreat open, the Secretary to the Government of the Federation (SGF) and chairman of the NEITI Board, Senator George Akume, announced that the Federal Government has adopted the National Energy Transition Policy and is committed to pursuing a just, inclusive, and beneficial energy transition. He emphasized the importance of a measured, evidence-based approach that balances the urgent global shift with national development priorities—particularly revenue protection, job retention, energy security, gender equity, and citizen-focused development.

“President Bola Ahmed Tinubu’s administration has embraced the National Energy Transition Policy as a strategic blueprint for a cleaner, greener, and more resilient energy future. Our goal is to achieve net-zero emissions by 2060 without leaving anyone behind—especially our rural and vulnerable communities,” the SGF stated.

Welcoming the delegation, governor of Abia State, Dr. Alex Otti, described the retreat as a significant vote of confidence in Abia’s emerging role as a hub for reform-oriented governance and development partnerships. He expressed deep appreciation to NEITI for choosing Umuahia to host this high-level national engagement.

RELATED NEWS

Paystack Suspends Co-Founder Ezra Olubi Over Alleged Sexual Misconduct

28 States’ Unpaid Pensions, Gratuities Hit N626.81bn – BudgIT

Digital Lending: Consumer Commission Fixes January 5 As Compliance Deadline

Upstream Regulator Reactivates Dormant Wells For Project 1m Barrels Initiative

Dr. Otti emphasised that while Nigeria has not fully realized the benefits of its abundant natural resource endowment, the tide is turning.

He stated that, “Poverty and wealth are often a function of how natural resources are harnessed and distributed. Where extractives are exploited responsibly and revenue is transparently and equitably applied, prosperity follows. NEITI has emerged as one of the key institutions working to correct past wrongs and institutionalize transparency and accountability in Nigeria’s resource governance.”

He lauded NEITI’s pioneering efforts in driving reforms and promoting credible data disclosures, adding that Abia State is prepared to align with NEITI’s standards. The Governor cited the establishment of ABTAN Energy Ltd, a joint venture between the Abia State Government, the Petroleum Technology Association of Nigeria (PETAN), and private investors, to manage oil and gas assets responsibly. He pledged that ABTAN’s operations will fully integrate NEITI’s reporting framework to ensure that no stakeholder, especially host communities, is left behind.

The governor also highlighted Abia’s efforts in preparing for the future of energy, including, installation of thousands of solar-powered streetlights to extend economic activity and improve public safety.

Others include: training hundreds of young people in solar installation and renewable energy systems and development of a 10,000 barrels/day modular refinery and an Industrial and Innovation Park in Ukwa West and evaluation of private sector proposals to explore key solid minerals such as kaolin, limestone, and granite.

The executive secretary of NEITI, Dr. Orji Ogbonnaya Orji, reaffirmed that the retreat is a serious working session, convened at a time of major global shifts. He explained:

“The world is moving rapidly from fossil fuels to low-carbon alternatives. For Nigeria, this transition presents complex fiscal, social, and structural challenges—but also unique opportunities to diversify our economy and build resilience. That’s why NEITI, under NSWG guidance, commissioned a national study to inform policy with credible data.”

Also speaking at the event, regional director for Africa at the EITI International Secretariat in Oslo, Norway, Gilbert Makore, R praised NEITI’s consistency in publishing timely and credible data on Nigeria’s extractive industries. He noted: “NEITI’s work is fully aligned with EITI’s mission to promote transparency, reduce poverty, and support national development through impactful reforms. Nigeria remains a global leader in EITI implementation.”

Join Our WhatsApp Channel


SendShareTweetShare

OTHER NEWS UPDATES

Paystack Suspends Co-Founder Ezra Olubi Over Alleged Sexual Misconduct
Business

Paystack Suspends Co-Founder Ezra Olubi Over Alleged Sexual Misconduct

11 hours ago
28 States’ Unpaid Pensions, Gratuities Hit N626.81bn – BudgIT
Business

28 States’ Unpaid Pensions, Gratuities Hit N626.81bn – BudgIT

14 hours ago
FCCPC To Prosecute PoS Operators Over Service Price Fixing
Business

Digital Lending: Consumer Commission Fixes January 5 As Compliance Deadline

14 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Commuters Die As Double-Decker Bus Rams Into Bus Stop In Stockholm

1 hour ago

JUST-IN: Ex-Anambra Governor Obiano Not Dead, Hale, Hearty — Ex-Info Commissioner

1 hour ago

‘He’s A Valuable Brother And Friend’, Wike Hails Fayose At 65

3 hours ago

2026 Budget: Governor Sani Allocates N100m To Each 255 Wards In Kaduna

3 hours ago

We’ll Not Rest Until Every Threat Is Neutralised, Says CAS

3 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.