Calls for oil-dealing governments, companies and banks to be more transparent have moved beyond the fringe, write Jon Marks and Thalia Griffiths.
Transparency in oil and other extractive industries has emerged as a very important issue, Nigerian finance minister Ngozi Okonjo-Iweala said in Dubai, where she was among the star performers at this year’s International Monetary Fund/World Bank annual meetings. President Olusegun Obasanjo has committed Nigeria to the Extractive Industries Transparency Initiative (EITI) as part of a wider clean-up campaign which, if implemented, could radically alter the business environment in Africa’s most populous country.
