ABUJA-Current chair of the Voluntary Principles Initiative, Mr. Ronald Roosdorp said in Abuja on Saturday that the Nigerian Authorities showed great interest in the initiative.
“This field trip shows how the security in the mining and oil industry could be increased when companies, civil society and government cooperate together” he told news men in Abuja.
Roosdorp who spoke on the visit of the initiative’s steering committee to Nigeria said trust building through discussion was the fastest way to improve security.
“Trust building through discussion is the fastest way to improve security and also benefits local employment and foreign investment”
Established in 2000, the Voluntary Principles on Security and Human Rights is a multi-stakeholder initiative which espouses a set of principles designed to guide extractive companies in maintaining the safety and security of their operations within a framework that ensures respects for human rights.
Diligent implementation of the Voluntary Principles on Security and Human Rights holds numerous potential benefits for Nigeria including peace-building; conflict prevention; enhanced governance of the extractive sector, promotion and protection of human rights; improving dialogue, cordiality, collaboration and problem-solving amongst stakeholders in the extractive sector with respect to issues of security and human rights.
In addition, it has the potential to contribute to an extractive sector that is conducive to trade and investment; where extractive companies can operate maximally, which would in turn enable the Nigerian government optimally generate revenues which can be deployed towards promoting the welfare of the nation and actualizing other national objectives.
The VPI is also an immensely useful tool for attaining the objectives of the United Nations Guiding Principles on Business and Human Rights, specifically in the area of security and human rights.
Countries that are signatories to the VPI include Argentina, Australia, Canada, Colombia, Ghana, the Netherlands, Norway, Switzerland, United Kingdom and United States of America.
Signatory extractive companies include: Seven Energy, Total, ExxonMobil, Chevron, Statoil, Shell, Hess Corporation, Tullow Oil, Rio Tinto, British Petroleum; Anglo American, PanAust, ConocoPhillips, Goldcorp, Hess Corporation, Repsol, Barrick Gold Corporation, Glencore and BHP Billiton.
NGO signatories to the VPI include Lite Africa, COMPPART, International Alert, Search for Common Ground, Pact and The Fund for Peace.
The international observers participating in the VPI include the International Finance Corporation (IFC), International Committee of the Red Cross (ICRC), International Council on Mining and Metals; Colombian Mining and Energy Committee on Security and Human Rights; The Geneva Centre for the Democratic Control of Armed Forces (DCAF), International Petroleum Industry Environmental Conservation Association; Institute for Human Rights and Business; International Code of Conduct Association (ICoCA)