NEITI, NBS Agree On Data Sharing, Data Integrity

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the National Bureau of Statistics (NBS) are formalizing a strategic partnership to enhance data integrity and coordination. This collaboration aims to standardize how extractive industry information is managed, shared, and utilized, ensuring that data flows consistently from national to sub-national levels. By establishing clear rules for engagement, both agencies seek to strengthen the reliability of their reports, which are essential for driving national development and policy reforms. A critical focus of this agreement is the management of Beneficial Ownership disclosures and contract transparency. These specific data points are vital for uncovering tax evasion, illicit financial flows, and terrorism financing. Furthermore, the partnership will address broader socio-economic issues such as gender and environmental impacts within the oil, gas, and mining sectors. By integrating these diverse datasets, the collaboration seeks to empower citizens with accurate knowledge regarding who owns companies and the quality of awarded contracts. This alliance is particularly significant for open data initiatives because it bridges the gap between sector-specific transparency and national statistical standards. NEITI’s high international credibility in data integrity complements NBS’s mandate for comprehensive economic and social data generation. The synergy between these institutions promises to produce more verifiable, credible, and accessible information, thereby promoting greater accountability and informed decision-making for the Nigerian public and global observers.

Source: leadership.ng
Published on 2023-12-05

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