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The EU, Nigeria and the EITI: Time for coherence

01/12/2009 By Madeline R. Young

Nigeria formally became a candidate country of the international Extractive Industry Transparency Initiative (EITI) in 2004, one of the 25 EITI candidates that committed to addressing natural resource governance problems by creating a structure of transparency and accountability of revenue flows between the government and the private sector.

The initiative has brought positive developments in revenue transparency, but it has not had a significant effect on human development and governance reform.

International stakeholders in the public and private sectors should be concerned that the Nigeria Extractive Industry Transparency Initiative (NEITI) is being undermined by fundamental incoherencies between unchecked commercial activities in the extractive industries and incongruous development cooperation policies.  

This Policy Brief by Madeline R. Young argues that in order for the EU to effectively contribute to the economic and political development processes of the NEITI initiative in parallel to Nigeria’s own national reform efforts, the problems of skewed economic interests and policy incoherencies must be addressed at international levels. This will require specific action from European Union members to sustain and deepen the gains made through NEITI.


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Keywords

Energy Security Energy Supply Extractive Industry Transparency Initiative Nigeria West Africa

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Bio author: Madeline R. Young

As a public advocate in the US, she collaborated with government initiatives for humanitarian aid for the disabled communities in the US and the Caribbean. She later coordinated international development projects in Kenya, Nigeria, Swaziland, Libya, and Honduras with Meteo France International.