The Nigeria Extractive Industries Transparency Initiative (NEITI) will unveil a platform that automates the data gathering component of its extractive industry audit process.
NEITI said the platform was developed after a series of needs and technical assessments by Development Gateway with the support of Ford Foundation.
Speaking on the new development, the Executive Secretary NEITI, Waziri Adio, said it is a win-win for everyone involved in the NEITI audit process in terms of cost and efficiency gains.
He said the system will allow extractive companies and government agencies covered under NEITI’s audits to make their audit submissions in real time and in an environment that is more secure, convenient and efficient than the current one.
Waziri Adio also said the platform allows not only virtual submission of audit data by assigned representatives of the entities but it also has facilities for aggregation, and initial validation and reconciliation of data submitted.
The Executive Secretary NEITI said the launch will be followed by an interactive session with companies and government agencies directly on the platform. The automated platform will be deployed for the 2020 NEITI audits and future ones.