President Koroma noted the importance of the EITI as a world agency in the management and use of natural resources adding, that Sierra Leone being a participant of the EITI process will significantly be beneficial to national development. Welcoming the new measures of the process, he informed that his administration has introduced processes and measures which will increase revenue generation and propel national development.
He assured of government’s continued collaboration with the EITI process as well as adopting systems and working with the necessary structures that would ensure the country’s natural resources benefit all and sundry in the country. He also assured of government’s compliance in terms of meeting timelines with the new 2016 measures with firm commitment of preparedness moving forward.
In his statement the EITI Chair, Fredrick Reinfeldt said he was in the country to do follow up assessment following the Lima Meeting earlier this year. He said he was impressed with the development seen so far, and disclosed that the EITI has come up with new measures that will look into new fields on revenue generation, contracts, Multi Stakeholder Group (MSG), beneficial ownership among others that will be used for the benefit of the people.