Watching Government: Nigeria transparency

Nigeria last month said it would publicly disclose all government oil and gas revenue.Nigerian President Olusegun Obasanjo made the announcement Nov. 7 in Berlin before a meeting of anticorruption group Transparency International (TI). Obasanjo also said companies operating in his country must individually publish payments to state agencies. Human rights groups embraced his statement."We are overjoyed at the thought that one of world's major oil-producing nations has come out so clearly in favor of revenue transparency," said TI Pres. Peter Eigen."The Nigerian model of both state and company accountability, coming from Africa's biggest oil producer, has set a standard that others ...

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