National Economy
Tuesday, August 5, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

NEITI Proposes Data Deployment For Energy Transition, Climate Justice

by Chika Izuora
14 hours ago
in News
Reading Time: 3 mins read
NEITI Proposes Data Deployment For Energy Transition,Climate Justice
Share on FacebookShare on TwitterShare on Telegram

The Nigeria Extractive Industries Transparency Initiative (NEITI) has initiated three interconnected pillars to guide Nigeria’s energy transition and climate justice initiatives.
These pillars include deployment of data to guide decision making, inclusive policy making that elevates voices of host communities and vulnerable population and implementation of reforms that include protocols for divestment and decommissioning. It also proposed legal safeguards for community benefit and environmental responsibility and incentives for local beneficiation and extractive-driven industrialisation of Nigeria’s solid minerals endowment.
The executive secretary of NEITI, Dr. Orji Ogbonnaya Orji, outlined the agency’s proposal at the 4th edition of the National Extractive Dialogue (NED 2025) which commenced on Wednesday in Uyo, Akwa Ibom State.
Dr Orji, told the audience that the theme of NED 2025 ‘Transitions, Divestments, and Critical Minerals: Charting a Just Future for Nigeria’s Extractive Sector’ implores a look ‘beyond resource extraction and profit, towards a future that is anchored on justice, sustainability, inclusion and shared prosperity.’
According to Dr. Orji, NEITI is supporting the Nigerian government on its energy transition journey by conducting “A comprehensive research study on energy transition’s impact on Nigeria’s economy aimed at providing data to guide fiscal planning, protection of livelihoods and alignment with Nigeria’s Energy Transition Plan and the Climate Change Act.”
This he said, is part of NEITI’s strategic response to the risks and opportunities emerging from the global shift to renewable energy.
Furthermore, “NEITI Launched its Data Center as its Digital Transparency Backbone, with real-time, automated, and centralised extractive sector data which will enable automated disclosures and regulatory integration.”
The executive secretary added that NEITI is also advancing transparency in the solid minerals sector by tracking surging royalties payments such as gold at N2.92 billion, lithium at N398.19 million, tin at N540.7 million, and linking these to community development and national beneficiation.
Dr. Orji urged stakeholders to collaborate in leveraging NEITI’s credible data to drive transparency and sustainable development, adding that NEITI has adopted an Energy Transition & Climate Accountability Framework that mandates its oversight of oil and gas assets divestments, track greenhouse gas emissions, monitor Host Community Development Trusts, and produce biannual climate performance reports.

 

 

He called on the Federal and State governments to embed NEITI data into national planning and budgeting; regulators to act on audit findings and strengthen enforcement and Companies to go beyond compliance and lead on environment, social and governance principles”. Furthermore, “Civil Society should use NEITI data for constructive accountability while Development Partners should support capacity building, innovation, and technology for transparency in the spirit of shared responsibility”, Dr Orji explained.

You May Like

AfDB Backs Nigeria’s Grid Stability With $1.2m Battery Storage Grant

Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops

Dr. Orji outlined a three-part plan for a just future, emphasizing real-time governance leveraging the Data Center, inclusive dialogue with host communities, women, youth, and artisanal miners, and actionable outcomes like divestment protocols, community safeguards, and local industrialization incentives.

The executive director, Spaces4Change, and Convener of NED 2025, Mrs Victoria Ohaeri-Ibezim, called for a reimagined, equitable future for extractive governance. ‘Nigeria cannot afford to stumble blindly into this new era. Not again,’ she said, emphasising that, NED 2025 is a rallying point for bold, collective action to redefine the sector’s future through regulation, environmental accountability, and community protection.

The chairman, Senate Committee on Solid Minerals Development and the representative of Akwa Ibom South Senatorial District, Senator Ekong Sampson, warned that, communities most affected by extractive activities particularly in resource-rich states like Akwa Ibom, risk being left behind yet again if the current wave of divestments is not properly regulated.

‘We must seize this moment to institutionalize fairness, responsibility, and sustainability across all extractive practices. The transition must be just, not just in policy, but in practice,’ he stated.

Senator Ekong called for stronger legislative and institutional safeguards to ensure that environmental liabilities are not transferred or abandoned, that Host Community Trust Funds under the PIA are transparently operationalized, and that Nigeria is equipped to responsibly harness its critical minerals like lithium and cobalt. He pledged the support of the Senate in advancing legal frameworks that will protect national interest and local communities.

The chairman, House Committee on Solid Minerals Development, Honourable Gaza Gbefwi, emphasised Nigeria’s potential to lead in the clean energy supply chain through its critical mineral reserves. He called for a Critical Minerals Development Bill, enhanced geological surveys, local processing, and robust community safeguards.
Hon. Gaza Gbefwi stated that: “Nigeria cannot afford to be a bystander in the global clean energy revolution. We must be deliberate, not just in extracting critical minerals, but in governing them with foresight, justice, and national purpose.”

The Director General National Oil Spill detection and response Agency (NOSDRA), Engr Chukwuemeka Woke, stressed the increasing risk of stranded environmental liabilities, since assets being divested often come with legacy of decades-long oil pollution, abandoned infrastructure, and un-remediated spill sites.

The Communication & Government Relations manager at the Oil Producers Trade Section (OPTS), Ms. Lola Adelore representing the Executive Director, Mr. Gwueke Ajaifia, stated that the OPTS has been an enduring partner in promoting transparency and sustainability, and remains firmly committed to fostering responsible practices across the sector.

Tags: Climate JusticeNEITI Proposes Data Deployment For Energy Transition
ShareTweetShare
Previous Post

‘Future Belongs To Storytellers In Branding’

Next Post

Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops

ANOTHER GOOD READ

AfDB Backs Nigeria’s Grid Stability With $1.2m Battery Storage Grant
News

AfDB Backs Nigeria’s Grid Stability With $1.2m Battery Storage Grant

14 hours ago
Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops
News

Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops

14 hours ago
‘Future Belongs To Storytellers In Branding’
News

‘Future Belongs To Storytellers In Branding’

14 hours ago
Wema Bank Posts N101.2bn In H1 2025
News

Wema Bank Posts N101.2bn In H1 2025

14 hours ago
Sterling HoldCo Delivers 157% Net Profit Growth In H1 2025
News

Sterling HoldCo Delivers 157% Net Profit Growth In H1 2025

14 hours ago
MTN Nigeria Adopts Customer-centric Approach For Growth
News

MTN Nigeria Adopts Customer-centric Approach For Growth

14 hours ago
Next Post
Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops

Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops

Most Recent

Despite Crackdowns, Onshore Gas Flaring Surges In Nigeria

Despite Crackdowns, Onshore Gas Flaring Surges In Nigeria

August 4, 2025
How Taraba Farmers Will Benefit From N500bn ‘Produce For Lagos’ Deal

How Taraba Farmers Will Benefit From N500bn ‘Produce For Lagos’ Deal

August 4, 2025
How KYC Not PEP Helps Fintech Growth

How KYC Not PEP Helps Fintech Growth

August 4, 2025
Osimhen Arrives Istanbul For Galatasaray’s Medical Examination

Osimhen Arrives Istanbul For Galatasaray’s Medical Examination

August 4, 2025
Tinubu Repositioning Sports As  Economic Driver – Dikko

Tinubu Repositioning Sports As Economic Driver – Dikko

August 4, 2025
Sporting Dreams, One Touch Win FCT FA Leagues

Sporting Dreams, One Touch Win FCT FA Leagues

August 4, 2025
NBBF League: Air Warriors, Royal Aces Maintain Winning Streak

NBBF League: Air Warriors, Royal Aces Maintain Winning Streak

August 4, 2025
Bridging Digital Divide Under Tinubu

Bridging Digital Divide Under Tinubu

August 4, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy