During the week, I promised to bring you insight into how Nigeria's Extractive Industry works and has been handled over time. I was privileged to be among Nigeria's key social media influencers invited by #NEITI and the Natural Resource Governance Initiative #NRGI to participate in a 2 day workshop that unveiled best practices to reporting the extractive Industry.
The Extractive industry include the oil, gas and solid mineral sectors which are and have been the main stay of Nigeria's economy for substantive years now.
Having been part of the stakeholders meeting for the review of the Oil and gas policy draft for the National Assembly running up to the passage of the Petroleum Industry Bill in the previous week in Abuja, I was able to gather these insights that I want to share.
First, I will encourage every Nigerian to get interested in governance and what happens to our resources' revenue and by that we can put pressure on the institutions and systems that are responsible for giving account to citizens. It is our Commonwealth which we have turned blind eyes to, leaving it to be mismanaged especially because we most times discuss without facts and engage in name calling and bashing instead of questioning the real issues.
That written, I want to also say that Nigeria is not a corrupt country. Yes, you heard me say it. We are not more corrupt than any other country in the world. Every human being is corrupt. Fact is, if you knew that something is wrong naturally, religiously or as a civic responsibility but you also knew that if you default, there are no executive punitive measures or see that when people who default are even prosecuted, they finally get out free, then believe me soon or later you will become very unlawful, it will shock even you.
Systems and institutions work in most developed countries and that is why they seem like they are more civil and in fact more developed. In Nigeria, our systems have failed and institutions are comatose because of another fundamental issue which is a value system that is not implemented fiercely.
Thus the IMPUNITY which is our major problem has been most manifest in the extractive industry and that has even made players to make it a mystic so as to keep the real owners of the revenue (citizens) in the dark about it.
To be continued tomorrow 12 noon.
DO NOT FORGET
*Toast to you*