Osinbajo
HighlightTop Story

Osinbajo is off to Indonesia to boost trade, extractive industry and cooperation

196

[dropcap]V[/dropcap]ice President Yemi Osinbajo, SAN, departed Sunday on a two-day, 11,000 Kilometer trip to the Republic of Indonesia, part of his effort to boost trade, extractive industry and cooperation.

He’ll spend two days during which he will address the opening plenary of the Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Conference taking place in Jakarta, Indonesia, from Monday 23rd October to Tuesday 24th October, 2017.

At the conference, the Vice President will speak on a range of issues concerning Nigeria’s extractive industry and general reforms embarked upon by the Buhari administration in the extractive sector of the economy, among other issues. Other world leaders and top government dignitaries speaking at the event include the President of Indonesia, Joko Widodo; Minister of National Development Planning in Indonesia, Bambang Brodjonegoro; EITI Chair, Fredrik Reinfeldt; among others.

This year’s conference, which will focus on using beneficial ownership information to achieve national priorities for the extractive sector and to improve natural resource governance, has as its theme: “Opening up ownership – sharing practice, building systems”.

Hosted by the Government of Indonesia and other partners committed to working on beneficial ownership reform to showcase best practices so far, the conference will discuss challenges, provide peer learning and exchange experiences.

According to the organisers, the conference is coming in the aftermath of the Panama papers scandal that implicated some highly placed individuals with links to the extractive sector across the world. The EITI last year agreed to adopt new rules on disclosing beneficial ownership for all extractive companies operating in its 52 member countries.

Nigeria joined the EITI to promote prudent management of revenues from its abundant natural resources to reduce poverty and ensure sustainable development. The NEITI is the Nigerian national sub-set of the global EITI.

Moreover, the Buhari administration is renowned globally for its position on anti-graft issues, and its campaign against corruption, which is manifest in the reforms initiated across spheres of government business and in key segments of the private sector.

The EITI has held a global conference at least every three years since 2003, bringing together all stakeholders of the EITI. So far, there have been seven conferences till date.

While in Jakarta, the Vice President will also hold bilateral talks with his Indonesian counterpart, Jusuf Kalla.

Prof. Osinbajo will be hosted to a state reception by the government of Indonesia. He will also meet with representatives of the Indonesian business community, the Chairman, International Board of EITI, and African Group of Ambassadors accredited to Indonesia.

Leave a comment

Related Articles

Corps members escape death as NYSC hostel collapses in Ekiti

A devastating incident occurred at the National Youth Service Corps (NYSC) orientation...

Just in: Pres. Tinubu names National Theatre, Lagos, after Prof. Soyinka

President Bola Tinubu on Friday named the National Theatre in Lagos after...

Just in: Buhari’s Power Minister, Mamman, gets reprieve, N10bln bail

A Federal High Court in Abuja on Friday granted bail to former...

In Niger Republic, hundreds of inmates, including Boko Haram terrorists now on the loose

A violent uprising at the Koutoukalé prison in the neighboring Niger Republic,...

ASUU gives N400,000 scholarships to two Ebonyi varsity indigent students

The Academic Staff Union of Universities (ASUU), Ebonyi State University (EBSU) chapter,...

A Word for NNPC Traducers by Solomon Daminabo

In life, it is an unwritten law that one cannot be a...

Correcting the Lies in Dr. Olisa Agbakoba’s Assertions

By Kingsley Ariamaodo Eminent lawyer and Senior Advocate of Nigeria, Dr. Olisa...

Nigeria lost N721bln to bribing public officials in 2023, says NBS

A staggering N721 billion was received as bribes by Nigerian public officials...

LG autonomy: NLC lauds S’Court judgment, Pres. Tinubu for instituting the lawsuits

The Nigeria Labour Congress (NLC) has commended President Bola Tinubu for his...

I’m concerned about Nigerian workers, committed to just, realistic minimum wage- Tinubu

As the nation’s driving force, President Bola Tinubu says Nigerian workers deserve...

Minimum wage: Pres. Tinubu meets with VP Shettima, some governors

President Bola Tinubu is currently in a private meeting with Vice President...

Court orders trial in absentia for Ganduje, wife, others, declines bench warrants for defendants

Justice Aminu Adamu Aliyu, presiding over a Kano State High Court, has...

Updated: Ex-Power minister remanded in prison over alleged N33bn fraud

A Federal High Court in Abuja has remanded Saleh Mamman, a former...

Minimum wage: Tinubu’s meeting with labour deadlocked as labour insists on N250,000

The closed-door meeting between President Bola Tinubu and labor leaders over the...

EndSARS Crackdown: Buhari’s govt. guilty of human rights abuses, ECOWAS Court rules

The ECOWAS Court of Justice has delivered a landmark judgment, condemning the...

Tinubu hails Supreme Court’s decision on local govt. autonomy, constitutional rights

President Bola Tinubu welcomes the Supreme Court’s decision affirming the spirit, intent,...

Akpabio, Lawan spat over sitting time, prompting Senate’s emergency executive session

The Senate abruptly went into a closed-door emergency session on Thursday after...

Reps denounce arbitrary detention of journalists

Members of the House of Representatives have unanimously denounced the persistent harassment...

Breaking: Appeal Court affirms Ododo’s victory in Kogi governorship election

A three-member panel of the Abuja Appeal Court has upheld the election...

Just In: Pres. Tinubu, Labour Leaders In Closed-Door Meeting Over Minimum Wage

President Bola Tinubu and the leadership of the organized labour in the...