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Nigeria positions transparency as economic reform tool ahead of 2026 EITI validation

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Nigeria is sharpening its transparency playbook in the extractive sector, not merely to meet global disclosure benchmarks but to unlock revenue, strengthen governance and restore public trust at a time of sweeping economic reforms.

That message took centre stage in Abuja as the Secretary to the Government of the Federation and Chairman of the NEITI National Stakeholders Working Group (NSWG), Senator George Akume, opened a high-level advocacy dialogue for stakeholders ahead of Nigeria’s 2026 Extractive Industries Transparency Initiative (EITI) Validation.

Addressing civil society leaders, development partners, industry players and government officials, Akume framed transparency as a strategic economic lever rather than a compliance exercise. With Nigeria grappling with fiscal pressures, revenue shortfalls and rising public expectations, he said the extractive sector—long the backbone of government earnings—must be governed with greater openness, efficiency and accountability to realise its full value.

“The extractive sector remains central to Nigeria’s economic stability, revenue mobilisation and long-term development aspirations,” Akume noted, while acknowledging that governance gaps and inefficiencies have historically limited its impact.

A key highlight of the dialogue was the formal introduction of the new Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Musa Sarkin Adar. Akume congratulated him on his appointment and expressed confidence in his ability to steer NEITI at a critical juncture, as transparency reforms increasingly intersect with broader fiscal and economic restructuring.

Significantly, Akume revealed that NEITI’s reports—once viewed largely as diagnostic documents—are now actively shaping policy and reform in Nigeria’s oil, gas and mining sectors. According to him, findings and recommendations from NEITI audits have become essential tools in driving ongoing sector reforms, marking a shift from transparency for transparency’s sake to transparency as a catalyst for change.

The dialogue also spotlighted the rising importance of the 2023 EITI Standard, which places greater emphasis on outcomes rather than disclosures alone. For Nigeria, this means deploying transparency data to plug revenue leakages, improve sector oversight, strengthen institutions and ensure that natural resource wealth translates into tangible benefits for citizens.

“As a country, we must go beyond compliance. EITI should serve as a reform instrument that supports domestic revenue mobilisation, prudent fiscal management and inclusive governance”, Akume said.

Discussions at the forum centred on Nigeria’s recent EITI Assessment, the upcoming Validation process and the unveiling of a policy brief titled “Beyond Assent: Pathways for Implementing Nigeria’s New Tax and Revenue Framework.” The brief, Akume explained, aligns extractive sector governance with the government’s wider economic reform agenda and provides practical pathways for improving tax administration and revenue capture.

Underlying the entire conversation was NEITI’s multi-stakeholder model, which Akume described as the initiative’s greatest strength. He stressed that transparency cannot be delivered by government alone, underscoring the critical roles of civil society, the private sector, sub-national actors, the media and development partners.

“This is why dialogues like this matter. They create space for honest reflection, constructive engagement and shared ownership of reforms”, he said.

As Nigeria prepares for its 2026 EITI Validation, the Abuja dialogue signalled a clear shift in tone and intent: transparency is no longer just a governance ideal, but a business-critical and reform-driven strategy for stabilising revenues, strengthening investor confidence and securing long-term economic resilience.

 

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Forbes human resources council admits Nigerian HR strategist Michael Ugbewanko

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Nigerian management consultant, organizational strategist and leadership expert, Michael Odafe Ugbewanko, has been admitted into the Forbes Human Resources Council, an invitation-only professional body that brings together senior human resources executives, chief people officers, founders and business leaders shaping the future of work globally.

Ugbewanko, who is the Lead Consultant at Dmidaf Global Consult, joins an international network of C-suite executives, vice presidents, directors, founders and business owners recognised for their professional accomplishments and leadership in the human resources profession.

In a welcome message, Forbes Councils Member Success Specialist, Jessica McClendon, said members of the council enjoy access to an exclusive platform designed to expand their professional influence and industry impact.

“Welcome to Forbes Human Resources Council. We’re delighted to have you as part of our vibrant and empowering community. Here, you’ll have the opportunity to share your expertise with the Forbes.com audience, connect with industry-leading peers and access carefully curated benefits that support your personal and professional growth,” the message stated.

The appointment represents another milestone for Ugbewanko, whose work has centred on helping organisations build sustainable, high-performing institutions through strategic leadership, operational excellence and effective human capital management.

Over the past decade, he has advised hundreds of chief executives across more than 1,000 organisations, helping businesses strengthen what he identifies as the three foundations of long-term success—process, structure and people.

Speaking on his admission, Ugbewanko described the recognition as an opportunity to contribute African perspectives to global conversations on leadership, organisational transformation and the future of work.

“The future of business belongs to organisations that intentionally build strong systems and empower people to perform at their highest potential. I am honoured to join a global community of leaders committed to advancing excellence in human resources and organisational leadership while representing the innovation and resilience of African businesses on the global stage,” he said.

Widely regarded as one of Africa’s leading voices on organisational effectiveness, Ugbewanko was named one of the 10 Most Influential HR Leaders in Africa by Entrepreneur Magazine in 2025. He is also the author of HR Is Dead, a book that advocates a more strategic role for human resources in driving business growth and institutional sustainability.

Beyond his consulting practice, he convenes the Operational Excellence Conclave, a leadership forum held ten times each year for chief executives, founders, senior executives and political leaders seeking practical strategies for building resilient organisations. He also leads The Presidential Table, an executive advisory platform limited to 15 chief executives annually and focused on transformational organisational growth.

Academically, Ugbewanko holds a Master’s degree in Human Resource Management from the University of South Wales, United Kingdom, and a Bachelor’s degree in Philosophy from the University of Ibadan. He is a Chartered Management Consultant (FIMC, CMC), a Fellow of Corporate Governance (FCGP), and an Associate Member of the Chartered Institute of Personnel and Development (CIPD), United Kingdom.

His admission into the Forbes Human Resources Council reflects the growing global recognition of African business leaders contributing to discussions on leadership, governance, people strategy and organisational excellence, while strengthening the continent’s voice in shaping the future of work.

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NDLEA seizes 1.63m tramadol pills, uncovers cross-border drug trafficking syndicate

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The National Drug Law Enforcement Agency (NDLEA) has intercepted 1.63 million pills of tramadol (250mg) concealed in specially fabricated compartments of two articulated trucks along the Lagos-Ibadan Expressway, exposing what it described as a transnational drug trafficking syndicate operating across the Togo-Benin-Nigeria corridor.

The agency’s Director of Media and Advocacy, Femi Babafemi, disclosed the development in a statement on Sunday, noting that the latest seizures bring the total quantity of tramadol recovered from the same syndicate to more than 2.18 million pills in three separate operations conducted within one month.

According to the statement, the first trailer was tracked and intercepted on July 2 while heading to Kano.

NDLEA operatives recovered 853,000 pills of tramadol (250mg) hidden in a fabricated compartment beneath the truck’s cargo floor and arrested the 22-year-old driver, Jabir Kabiru.

Two days later, on July 4, intelligence-led operations led to the interception of another trailer, also travelling to Kano on the same highway.

The agency recovered an additional 777,000 pills of tramadol (250mg) concealed in a similar hidden compartment and arrested the driver, Muhammed Nuhu, also aged 22.

Investigations, according to the NDLEA, revealed that the trucks intercepted on June 21, July 2 and July 4, together with their illicit consignments, were all linked to the same international drug trafficking network.

In a separate operation, NDLEA operatives intercepted 4.70 kilograms of Canadian Loud, a synthetic strain of cannabis, at the import shed of the Murtala Muhammed International Airport (MMIA), Lagos.

The consignments, concealed inside cartons marked “Odugwu,” arrived from Canada on British Airways and Ethiopian Airlines flights on June 24 and July 3, respectively.

The agency arrested two cargo agents, Ali Rotimi Samson and Orimolade Oluwagbenga, in connection with the shipments before apprehending Edeh Onyeamachi Stanislaus, who attempted to collect the consignments from a logistics company.

Further investigations led to the arrest of the alleged owner of the drugs, Chioma Nneka Mokeme, a 44-year-old businesswoman, on July 7 in Surulere, Lagos, with support from the Nigeria Police Force’s Area C Command.

The agency also arrested Hajara Abdullahi, a 38-year-old Chadian national, and her Nigerian associate, Abdulkareem Jidda, 44, in Apapa, Lagos.

Their arrest followed the interception of 50,000 pills of tramadol (225mg) in Kogi State on July 12, with investigations linking the consignment to the two suspects.

NDLEA also recorded several other seizures during the period.

In Rivers State, operatives arrested 80-year-old Chika Ugwoji in Ahoada on July 14 after recovering 800 grams of skunk from him.

In Edo State, a couple, Christian Chukwuka, 32, and Nwanneka Christian, 33, were arrested during a raid on a drug warehouse along Sapele Road, Benin City.

The operation led to the seizure of 219.5 kilograms of cannabis sativa and 192.67 kilograms of compressed Canadian Loud.

The NDLEA said the operations underscore its sustained crackdown on organised drug trafficking networks and cross-border narcotics syndicates operating within and outside Nigeria.

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Tinubu’s 27-year dream gets name as fed govt renames coastal highway

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The Federal Government has renamed the Lagos-Calabar Coastal Highway as the President Bola Ahmed Tinubu Coastal Highway, following the completion of Section One of the flagship infrastructure project.

Minister of Works David Umahi announced the decision during a media briefing on Thursday at the ministry’s headquarters in Abuja, describing it as a recognition of President Bola Tinubu’s long-held vision for the 750-kilometre coastal corridor.

According to Umahi, the decision was reached in consultation with the ministry’s leadership, including the Permanent Secretary, Minister of State, directors and other senior officials.

“That coastal highway is named the President Bola Ahmed Tinubu Coastal Highway. By the powers conferred on me as Minister of Works, in consultation with my Permanent Secretary, the Minister of State, directors and staff of the ministry, we decided to name it after him because of his dream for it,” Umahi said.

He noted that Tinubu first conceived the idea nearly three decades ago while serving as Governor of Lagos State.

“It is one thing to dream and another thing to have the grace to actualise that dream. This is one man who dreams and has the grace and divine mandate to actualise that dream,” he added.

Umahi disclosed that the first section of the highway, stretching 47.47 kilometres from Victoria Island to Lekki, is a six-lane carriageway with a 25-metre-wide median reserved for a future railway line.

The minister also announced that President Tinubu had approved a 400-kilometre extension of the Fourth Legacy Highway, increasing its total length from about 700 kilometres to 1,100 kilometres.

The expanded route will run from Akwanga in Nasarawa State through Jos, Bauchi, Gombe and Biu to Maiduguri, with an additional extension into Taraba State.

He further disclosed that the President had approved the dualisation of another 400 kilometres of the East-West Road, the reconstruction of sections of the Lagos-Ibadan Expressway using reinforced concrete pavement technology, the completion of the abandoned Ibi Bridge in Taraba State and the construction of the 5.76-kilometre Lao Bridge.

According to Umahi, the projects are designed to improve transport connectivity, boost economic activities and modernise Nigeria’s road infrastructure.

He described the approvals as part of the Tinubu administration’s broader commitment to delivering strategic infrastructure that supports national economic growth and regional integration.

The Lagos-Calabar Coastal Highway is one of the Federal Government’s flagship road projects, intended to improve connectivity along Nigeria’s southern coastline while promoting trade, tourism and investment.

In April 2024, Umahi disclosed that the project would be completed over eight years, with delivery in phases throughout President Tinubu’s tenure.

The first phase, covering approximately 47.7 kilometres from Ahmadu Bello Way to the Lekki Deep Sea Port in Lagos State, is expected to be completed within 36 months.

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