The Natural Resource Charter (NRC) is a useful framework for assessing the governance of Nigeria’s extractive industries. The 2012 assessment was carried out by an expert panel with research carried out by a number of Nigerian think tanks and civil society groups. It covered the 12 main areas identified for good governance of extractives. From the assessment, Nigeria had 9 red traffic light ratings (meaning serious problems) out of the 12 precepts. The 3 areas that were amber (meaning problems, but not all bad) were Fiscal Regime and Contractual Terms, Stabilising Expenditure and Private sector investment.
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In order for Nigeria to lift millions of its citizens from poverty, we need to first of all improve the quality of governance. This blog discusses ways to ‘Step Up’ governance in Nigeria such as reducing corruption, promoting transparency and accountability in the provision of public services and strengthening citizen’s demand for an improvement in public service delivery.
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Saturday, 20 July 2013
Traffic Lights and Nigeria's Natural Resource Charter (NRC)
The Natural Resource Charter (NRC) is a useful framework for assessing the governance of Nigeria’s extractive industries. The 2012 assessment was carried out by an expert panel with research carried out by a number of Nigerian think tanks and civil society groups. It covered the 12 main areas identified for good governance of extractives. From the assessment, Nigeria had 9 red traffic light ratings (meaning serious problems) out of the 12 precepts. The 3 areas that were amber (meaning problems, but not all bad) were Fiscal Regime and Contractual Terms, Stabilising Expenditure and Private sector investment.
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