The Nigeria Extractive Industries Transparency Initiative has warned that Nigeria could lose significant foreign investment in its oil, gas and mining sectors if the country performs poorly in the forthcoming validation exercise of the Extractive Industries Transparency Initiative.
The Executive Secretary of NEITI, Musa Sarkin-Adar, gave the warning on Wednesday in Abuja during a stakeholder engagement session with civil society organisations and the media ahead of Nigeria’s 2026 EITI Validation scheduled to commence on July 1.
Sarkin-Adar said the validation exercise was critical to Nigeria’s reputation among international investors, stressing that transparency and accountability had become major considerations in global investment decisions.
According to him, although Nigeria possesses abundant natural resources and remains one of Africa’s most attractive investment destinations, concerns over governance standards and transparency continue to affect investor confidence.
He added that the briefing was key to the validation process, clarifying stakeholder roles, and strengthening Nigeria’s readiness for
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