Nigeria builds extractive data centre to strengthen transparency
21 August 2024 |
7:11 am
Nigeria has completed a new data centre that aims for transparency and accountability in the mining and oil and gas sector. The Nigeria Extractive Industry Transparency Initiative (NEITI) said the centre is the only one in the 57 Extractive Industry
Nigeria has completed a new data centre that aims for transparency and accountability in the mining and oil and gas sector. The Nigeria Extractive Industry Transparency Initiative (NEITI) said the centre is the only one in the 57 Extractive Industry Transparency Initiative (EITI) implementing bodies across the world.
Conceived by the immediate past National Stakeholders Working Group (NSWG), also known as the NEITI Board, the incumbent, the NEITI administration has sustained the work on the project despite of naira-to-dollar high exchange rate volatility and escalating inflation, the body said in a statement.
Apart from serving as a one-stop shop for information and data on Nigeria’s extractive sector, the organisation said the Centre would also serve as a reservoir for all information and data published in the various NEITI yearly industry reports since the first edition in 2004 to date.
Also, it is expected that the Centre would serve as a warehouse for all extractive industry data in aggregated and disaggregated formats for easy public access by stakeholders, especially civil society, the media, extractive industry companies, government agencies and the legislature.
NEITI noted that the development would also provide data information analysis, training and manpower development in data science education deployment and utilisation required to sustain a robust public knowledge and understanding of Nigeria’s extractive industry.
The conception of the Centre facilitates compliance with the Open Data policy requirements under the EITI 2023 Standards, providing backbone support for NEITI/EITI Systematic Disclosure programme, which is fast becoming the future of EITI Industry globally.
NEITI added that the centre would enhance easy access to reliable data, ensure data security, management as well as enhance dissemination engagements with the country’s extractive industry.
Apart from providing evidence-led stakeholders-civic-engagement that supports public debate, the agency said the new centre would support NEITI’s contribution and value addition to national planning and development.
Speaking about the development, NEITI’s Executive Secretary, Orji Ogbonnaya Orji, said the initiative would enhance NEITI’s capability and capacity to provide timely, credible information and data for informed decision-making.Orji applauded President Tinubu’s administration for its support to ensure the completion of the project.
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