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.

Link here to the NNRC website containing the full report and the option to rate Nigeria against the 12 precepts for yourself.