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NNRC, CPPA Launch 2014 Benchmarking Exercise Report

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The Nigerian Natural Resource Charter (NNRC) in conjunction with the Centre for Public Policy Alternatives (CPPA) launched the 2014 NNRC Benchmarking Report.  This is the second time that Nigeria has been scored against the 12 precepts; this report serves as a policy, institutional and regulatory change tracker since 2012. It is hoped that the findings of the report can be used to shape a policy agenda that will be implemented by the Federal Government.

As 2015 elections approach, it is imperative that civil society actively encourages dialogue that will impact policy platforms of political parties and candidates towards increasing the likelihood of implementing strategic and beneficial government policies. With this goal in mind, the

The 2014 NNRC Benchmarking Report is an assessment of Nigeria’s oil and gas governance performance. It is the culmination of two years of extensive research and discussions by the Center for Public Policy Alternatives and the NNRC with key stakeholders on issues of responsible oil resource governance and the Nigerian environment. Essentially, the report systematically catalogues critical aspects of the governance of petroleum wealth in Nigeria and identifies crucial changes that have taken place since 2012 when the first benchmarking assessment was completed. This report summarizes the second benchmarking of Nigeria’s petroleum sector governance against the twelve precepts of the Natural Resource Charter (NRC).

The twelve precepts represent the various components of good natural resource sector governance, and are mapped to the extractive industry decision chain. Nigeria Natural Resource Charter (NNRC) scores performance on each precept using a “traffic light” system, where a positive answer to the benchmarking question scores green, a negative answer red, and where an answer is neither a definitive “yes” or “no”, an amber light. The research process found that the situation in Nigeria didn’t change dramatically during the 2012-2014 period, so all of the traffic light colors remain the same. But there has been some movement, and so the arrows with each score indicate the trend or direction of travel observed over the two years; an equal sign indicates no movement at all.

About Gladys Johnson

Gladys Johnson The Publisher/Editor-In-Chief Global Business Drive Phone: +13465619347 Email: gladysjohnsonmedia@gmail.com, globalbusinessdrive@gmail.com

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