Nigeria’s Vice President, Professor Yemi Osinbajo says transparency is a critical pillar of the current administration, led by President Mohammadu Buhari.
According to him, “it is important for us that we handle our resources with transparency and good governance.”
The Vice President stated this while addressing a delegation of Extractive Industries Transparency Initiative, EITI, at the Presidential Villa.
“One of the objectives that we have set for ourselves is to ensure that we are transparent and able to handle our resources well, if we as a nation had handled our resources better, with transparency, and good governance, we would not find ourselves were we are now,” Professor Osinbajo stressed.
He said Nigeria has learnt its lessons as a nation and going forward, the government will work transparently to guarantee the generation of more revenue for the country.
“The President led Buhari administration will work with the Nigeria Extractive Industry and Transparency Initiative NEITI, to ensure good governance and look at how we can generate revenues and keep proper accounts,” he said.
On the issue of the Petroleum Industry Bill, Professor Osinbajo assured citizens that government is working with the National Assembly to get the bill passed into law, because it will give some regulatory direction.
Earlier, the in-coming global Chairman of EITI, Mr. Fredrik Reinfeldt, a former Prime Minister of Sweden, commended Nigeria’s commitment to the EITI process.
“I have been following the restructuring of the NNPC, and other developments in the oil sector and Nigeria is doing very well,” he said.