Nigeria's Ekperikpe Ekpo Announces 2027 Extractive Sector Reforms

The Federal Government of Nigeria has established a deadline of the end of 2027 for the publication of a progress report on reforms in the extractive sector, aimed at improving transparency, revenue tracking, and accountability. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made this announcement on Thursday in Brussels, Belgium, during Nigeria's commitment statement at the Extractive Industries Transparency Initiative Leadership Forum of the 2026 EITI Global Conference.

The report will detail the reforms implemented and measurable improvements achieved. Ekpo emphasized the government's commitment to enhancing public disclosure, revenue reconciliation, independent audits, and institutional accountability within the extractive industries.

He noted that these reforms are intended to make petroleum revenues more traceable and reduce leakages. Nigeria joined the EITI in 2003, and the Nigeria Extractive Industries Transparency Initiative Act 2007 established a framework for transparency in the sector.

The Petroleum Industry Act 2021 and Executive Order 9 of 2026 were also cited as significant legislative measures supporting these reforms.