✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Ghana beats Nigeria, others, launches oil contracts register

While Nigeria has been trying to set up an open accessible register of oil contracts for years now, the Ghanaian government last week launched a…

While Nigeria has been trying to set up an open accessible register of oil contracts for years now, the Ghanaian government last week launched a public register of petroleum contracts, agreements, authorizations and permits in a bid to enhance transparency and accountability in the oil and gas sector.

The register is hosted via a web portal and presently contains 17 agreements signed between the government of Ghana and multinational oil companies.

According to the oil ministry, Ghanaians will, through the register, have full disclosure of oil agreements, permits approvals and contract, to help them demand accountability.

Last year, Ghana was ranked No. 1 within sub-Saharan Africa in terms of transparency in the oil and gas sector and governance reforms in the 2017 Resource Governance Index (RGI) by the Natural Resource Governance Institute (NRGI).

But the RGI placed Nigeria 77th among 89 country licensing assessments, suggesting that the “Nigerian government does not regularly publicly disclose government officials’ financial interests in the extractive sector or the identities of beneficial owners of extractive companies.” 

However, spokesman for the Nigeria Extractive Industries Transparency Initiative (NEITI) Dr. Orji Ogbonnaya Orji said that Nigeria, through the NEITI framework and the Open Government Partnership, (OGP) were working towards establishment of an open accessible register on contract disclosures. 

NRGI Nigeria Manager Sarah Muyonga said that at the moment Nigeria does not have a public platform that discloses or contains all petroleum contracts signed by the government in the oil and gas sector. 

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.