What is the NNRC?

 The Nigeria Natural Resource Charter (NNRC) is a tool to enhance the debate on how to best manage the opportunities created by natural resources for development in the country. It is based upon the framework of the Natural Resource Charter. The Natural Resource Charter is a global initiative designed to help governments and societies effectively harness the opportunities created by natural resources. This report benchmarks how Nigeria performs against the 12 principles or ‘precepts’ of good practice set out in the Charter, based on a multi-stakeholder exercise and assessment by a panel of independent Nigeria experts. The work of the NNRC and Expert Panel has been supported by research conducted by the Centre for the Study of the Economies of Africa (CSEA) with contributions from a number of Nigerian civil society organisations, including Social Action, Civil Society Legislative Advocacy Centre (CISLAC), Centre for Social Justice, and Centre for Public Policy Initiatives. The 12 precepts, cover the entire resource decision chain faced by policy-makers, from managing extraction through to effective spending strategies. The NNRC has deployed a benchmarking methodology, spread across the span of issues, to identify, quantify and evaluate strengths and weakness in the petroleum sector and wider policy environment. The assessment is based on the Charter premise of ‘weakest links’. Here the weakest links across the decision chain can potentially undermine the success of the sector as a whole, or indeed the wider economy. The conclusions reached in this report highlight the main strengths and weaknesses of Nigeria’s petroleum sector, identifying potential policy priorities and opportunities. The recommendations of the independent expert panel seeks to assist Nigeria chart a path towards a more socially and economically equitable and sustainable use its abundant natural resources.