EITI is a voluntary global initiative where member countries are required to declare the money they receive from oil and mining companies, and the companies as well are obliged to report how much money they pay out to the governments of the countries whose natural resources they exploit.
Uganda discovered oil and gas in 2006 and is expected to start producing oil around 2021. The country boasts of enormous mineral wealth and up to 6.5 billion barrels of oil reserves although it is expected that this figure will rise as more exploration and appraisals are carried out. With expected annual revenues from oil expected to reach two billion dollars, Ugandans need to track their money from the sale of the country’s petroleum and mineral resources. EITI will enable citizens to follow their money and hold the government and extractive companies accountable.
The campaign involves an online petition targeting 100,000 signatures to urge the President of Uganda to sign onto the EITI.
Join this campaign by signing up here.