NNPC becomes EITI supporting company

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Becoming an EITI supporting company can help state-owned companies make progress towards transparency.

It has been an EITI supporting company since October 2019 and has now published its annual and sustainability plans for the first time.

“EITI’s mission is to promote understanding of natural resource management, strengthen public and corporate governance, and provide the data to inform greater transparency and accountability in the extractives sector. “By becoming a member of the EITI, 54 countries have committed to disclose information along the extractive industry value chain – from how extraction rights are awarded, to how revenues make their way through the government and how they benefit the public. Through participation in the EITI, countries agree to a common set of rules governing what has to be disclosed and when – the EITI Standard.

 

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