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NEITI Advocates 2007 Act Amendment To Achieve Optimal Functionality

Chika Izuora by Chika Izuora
11 months ago
in Business
NEITI 1
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The newly appointed Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) Honourable Musa Sarkin Adar has officially resumed duty at the NEITI House, with a call seeking the amendment of the NEITI Act 2007.

He explained that the current Act does not provide NEITI with the institutional authority and capacity required to function optimally.

He emphasised that a review of the Act is crucial to empower NEITI with stronger legal tools to enforce compliance, deepen reforms, and promote transparency and accountability across the extractive sector.

In his maiden address to management and staff, Hon. Adar pledged to leverage his extensive legislative and oversight experience to strengthen NEITI’s visibility, institutional relevance, and impact.

He emphasised that NEITI’s mandate must be better understood across the country, noting that the organisation has built a reputation as a beacon of openness in Nigeria’s extractive industries.

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Hon. Adar highlighted that NEITI’s reports have shaped policies, influenced reforms, and strengthened public trust, but stressed that the journey ahead demands greater effort, particularly with Nigeria’s upcoming validation as a member of the global Extractive Industries Transparency Initiative (EITI) scheduled for July 2026.

Adar recalled his long-standing engagement with NEITI during his 16 years in the National Assembly, including his role as Chairman of the House Committee on Petroleum Upstream, which oversaw the activities of NEITI.

He affirmed his commitment to ensuring that NEITI continues to publish accurate, credible, and accessible reports, while strengthening mechanisms to prevent extractive revenues from being lost to inefficiency or corruption. Another key priority for Hon. Adar is to develop clear strategies that will support the government to optimise Nigeria’s vast mineral endowments through beneficiation processes, thereby ensuring greater value addition and sustainable economic growth.

He further pledged to invest in staff capacity and foster stronger collaboration with government, civil society, the media, industry stakeholders, the global EITI, and development partners.

“NEITI staff are the heart of this great agency. I will invest in your growth, provide the tools you need, and create the enabling environment where excellence thrives,” Hon. Adar affirmed. Welcoming the new Executive Secretary on behalf of management and staff, Dr. Dieter Bassi, Director of Policy, Planning and Strategy, expressed management’s confidence in the leadership of Hon. Adar. “We look forward to your insights, innovative strategies, and the positive impact you will bring to the NEITI family. Your wealth of experience and visionary approach align perfectly with NEITI’s mission and values,” Dr. Bassi stated. Until his appointment, Hon. Musa Sarkin Adar served as Chairman of the Board of the Nigeria Inland Waterways Authority.

He is a seasoned politician and public servant who played a key role in the passage of the Petroleum Industry Act (PIA) and sponsored several motions and bills focused on education, security and infrastructure development.

Following his address, the new Executive Secretary held a closed-door meeting with members of NEITI Senior Management Team.

 

 

 

 

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Chika Izuora

Chika Izuora

Chika Izuora is a journalist with Leadership Media Group with over two decades of mainstream journalism experience. A Mass Communication graduate and alumnus of Pan Atlantic University (PAU), he has built outstanding expertise in the oil and gas industry alongside a versatile career as a journalist and author.

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