At the Council of Ministers meeting on Wednesday 22 January, the President of the Republic appointed Mr Thialy Faye as head of the Extractive Industries Transparency Initiative (EITI). He succeeds Ms Oulimata Sarr in this strategic role.
A specialist in governance and taxation, Thialy Faye holds a postgraduate diploma in environmental law as well as a Master’s degree in tax policy and administration. His expertise in natural resource management and financial regulation will be a major asset in strengthening transparency and good governance in Senegal’s extractive sector.
As Chair of the EITI, Thialy Faye will be responsible for ensuring transparency in extractive industry revenues and ensuring the equitable management of the country’s oil, gas and mineral resources. He will also ensure that international transparency standards are respected, promoting responsible operations that benefit the national economy.
This appointment comes as Senegal seeks to improve the management of its natural resources while establishing more transparent governance. Through this initiative, the government is reaffirming its commitment to a fairer distribution of wealth and to preventing any lack of transparency in the extractive sector.
Thialy Faye thus takes the helm of a key institution that plays an essential role in regulating and overseeing the extractive sector, a strategic driver of the country’s economic future.