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Tag: Civil Society Legislative Advocacy Centre (CISLAC)

Fresh concern over contract secrecy in Nigeria’s oil, gas sector

Fresh concern over contract secrecy in Nigeria’s oil, gas sector

Oil & Gas
The secrecy shrouding terms and conditions of contracts in Nigeria’s extractive sector has, once again raised concern for stakeholders, especially as the country fights corruption.   Although a signatory to the London Anticorruption Summit, and the Open Government Partnership, as well as Extractive Transparency Initiative, over 20 civil society organisations insisted that the current practice in which contracts entered into by government are negotiated and held in secrecy negates the globally-accepted practice. In a communiqué obtained by The Guardian, stakeholders decried the lack of transparency and accountability, noting that the sector was still exposed to corruption, unfavourable contracts, and revenue losses to the nation. They group called for the development, a...