mining) industry with the aim of holding government accountable for public revenue. The Nigerian version was designed to insulate the implementation of EITI Nigeria against the vagaries of policy reversals and political manipulations and has been borrowed by EITI implementing countries in Africa. 5.5.6 Considering the situation before NEITI, when the oil industry was opaque, the industry is opening up rapidly. One can always visit the relevant websites and see operational processes and actual figures and data concerning the operations of any oil company. 5.5.7 The institute of Directors recently promised to partner with the Nigerian Stock Exchange in the campaign for good corporate governance and best practices in work place, for all quoted companies. They reiterated the imperativeness for all stakeholders to fully embrace good corporate governance with particular focus on integrity, accountability, transparency, self regulation and effective internal control system. 5.5.8 In conclusion therefore, one can comfortably argue that the implementation of the National Programme of Action (NPoA) in accordance with the specific objectives of good corporate governance thematic area of the NEPAD APRM process is quite on course in Nigeria and has reached an advanced stage. The privatization exercise is still on with special focus on the power and oil /gas sectors, while the Federal and State Governments have embarked on large scale infrastructural development in their areas of competence and jurisdiction. 6.0 Socio Economic Development 6.0.1 This thematic area focuses on the visible elements of government policies, the impact of which is observed in the lives of the citizens. It is the manifestation of government policies in the general lives of the citizens. Nigeria has signed, ratified and implemented almost all the international, regional and subregional standards and codes relevant to its socio-economic development. 69