Transforming Procurement Systems in Nigeria
Summary
Open Ownership (OO) was invited to start working with the Nigerian government in 2018. With funding from the UK Government's International Anti-Corruption Programme, OO was tasked with supporting the Nigerian Corporate Affairs Commission to help design and implement beneficial ownership reforms in close cooperation with civil society stakeholders.
Key Outcomes
- In December 2019, Nigeria went live with its extractives industry register, making it the first African country to launch a public beneficial ownership register.
- The Corporate Affairs Commission met its January 2021 deadline and released a prototype of its economy-wide beneficial ownership disclosure system, which uses the tools and resources they developed in collaboration with OO.
- Nigeria has joined the Beneficial Ownership Leadership group convened by OO with the Open Government Partnership.
- OO will continue to work with Nigeria to develop the prototype register into a comprehensive system, providing data on companies across the economy to meet the needs of companies, civil society, and government. Together, we will implement verification systems to deliver high quality data that can combat corruption and help deliver fair and effective taxation for Nigeria.
