Have Your Say

Scoring Key

How does Nigeria rate according to these questions?

Green = Good
Amber = Problems, but not all bad
Red = Serious problems

Current vote for Precept 1: Strategy and Organization:
Red circle

Precept 1: Strategy and Organization

 How do you rate Nigeria’s performance according to these questions? 

Question 1: 
NATIONAL BENEFITS: Does the development of oil deliver significant economic and social benefits to citizens?

Question 2: 
LEAKAGES: Are there critical ‘leakages’ in the sector in terms of overall revenue or benefits accruing to the country?
 
Current vote for Precept 2: Promoting Transparency and Accountability:
Red circle

Precept 2: Promoting Transparency and Accountability

How do you rate Nigeria’s performance according to these questions?

Question 1: 
TRANSPARENCY AND AVAILABILITY OF INFORMATION: What are the shortfalls in availability of information or disclosure requirements?

Question 2: 
ACCOUNTABILITY: Are clear standards set for all actors involved in the natural resources industry? are there any restrictions on bodies to hold responsible parties to account?

Question 3: 
INVESTIGATION AND SANCTION: Does investigation into whether or not actors abide by these standards take place? If actors do not meet the standards required of them, are they subject to sanction for failing to meet these standards?
 
Current vote for Precept 3: Better Fiscal Regimes and Contractual Terms:
Yellow circle

Precept 3: Better Fiscal Regimes and Contractual Terms

How do you rate Nigeria’s performance according to these questions?

Question 1: 
FISCAL REGIMES: Does the fiscal regime deliver value for the country over the long term?

Question 2: 
CONTRACTUAL TERMS: Do the contractual terms provide value and robustness to changing circumstances?
 
Current vote for Precept 4: Award of Contracts and Sector Roles:
Yellow circle

Precept 4: Award of Contracts and Sector Roles

How do you rate Nigeria’s performance according to these questions?

Question 1: 
SECTOR ROLES: Are clear standards set for all actors involved in the natural resources industry and are these effective?

Question 2: 
OIL CONTRACT AND LICENSE ALLOCATION: Are there clear rules and procedures to allocate licenses? Are there clear contract terms and conditions? Do they deliver the desired outcomes?
 
Current vote for Precept 5: Managing Local Impacts:
Red circle

Precept 5: Managing Local Impacts

How do you rate Nigeria’s performance according to these questions?

Question 1: 
STANDARDS: Are positive impacts of natural resource extraction on local communities enhanced and negative impacts mitigated against?

Question 2: 
ASSESSMENT: Are the potential economic, social and environmental impacts of extraction assessed and considered before resource extraction takes place?

Question 3: 
MITIGATION AND LOCAL BENEFITS: Are positive impacts of natural resource extraction on local communities monitored, negative impacts mitigated against and potential for benefits enhanced?
 
Current vote for Precept 6: Nationally-Owned Resource Companies:
Red circle

Precept 6: Nationally-Owned Resource Companies

How do you rate Nigeria’s performance according to these questions?

Question 1: 
CLARITY OF ROLES: Is the role of NNPC clearly defined and free from conflicts of interest?

Question 2: 
COMMERCIAL EFFECTIVENESS: Does the NNPC operate in a commercially viable manner?

Question 3: 
TRANSPARENCY AND ACCOUNTABILITY: Does the NNPC operate in a transparent manner?
 
Current vote for Precept 7: Investing for Growth:
Red circle

Precept 7: Investing for Growth

How do you rate Nigeria’s performance according to these questions?

Question 1: 
CURRENT AND FUTURE NEEDS: Has the country achieved a balance between using revenues for the benefit of current and future generations?

Question 2: 
DEVELOPMENT AND REDISTRIBUTION: Does the country have an effective plan and supporting policies to translate resource wealth into sustainable benefits for current and future citizens?
 
Current vote for Precept 8: Stabilizing Expenditure:
Yellow circle

Precept 8: Stabilizing Expenditure

How do you rate Nigeria’s performance according to these questions?

Question 1: 
EXPENDITURE VOLATILITY: Does the government have effective instruments in place to smooth the volatility of resource revenues?

Question 2: 
OTHER MACROECONOMIC CONSIDERATIONS: Does the government take adequate steps to manage the influx of resource revenues?
 
Current vote for Precept 9: Efficiency and Equity of Public Spending:
Red circle

Precept 9: Efficiency and Equity of Public Spending

How do you rate Nigeria’s performance according to these questions?

Question 1: 
QUALITY OF PUBLIC SPENDING: Is public spending effectively allocated and controlled?

Question 2: 
INTEGRITY OF PUBLIC SPENDING: Is misallocation avoided in spending and are opportunities for corruption minimised?
 
Current vote for Precept 10: Private Sector Investment (beyond the petroleum sector):
Yellow circle

Precept 10: Private Sector Investment (beyond the petroleum sector)

How do you rate Nigeria’s performance according to these questions?

Question 1: 
ENCOURAGING PRIVATE SECTOR INVESTMENT: Is the Government improving the business and regulatory environment to allow the private sector to invest?

Question 2: 
DIVERSIFICATION AND DOMESTIC VALUE-ADDED: Is the government trying to promote diversification of the economy to make it less resource-dependent while also promoting domestic value-added (and backward linkages)?

Question 3: 
BUILDING DOMESTIC CAPACITY: Is the Government successfully trying to improve the capacity of domestic suppliers to supply quality goods and services?
 
Current vote for Precept 11: The Role of Home Governments of Extractive Companies:
Yellow circle

Precept 11: The Role of Home Governments of Extractive Companies

How do you rate Nigeria’s performance according to these questions?

Question 1: 
HOME GOVERNMENTS AND CAPITAL CENTERS: Are home governments and the governments of capital centers acting to require, enforce and propagate best practice in a way which supports efforts at the host country level?

Question 2: 
THE INTERNATIONAL COMMUNITY AND COMMODITY-CONSUMING COUNTRIES: What is the role of international institutions? What are the non-tariff barriers and trade policy?
 
Current vote for Precept 12: The Role of Private Sector Companies:
Yellow circle

Precept 12: The Role of Private Sector Companies

How do you rate Nigeria’s performance according to these questions?

Question 1: 
SOCIAL LICENSE TO OPERATE: Do private sector companies take sufficient steps to maintain their 'social licence to operate'?

Question 2: 
BEST AND LEADING PRACTICE: Are extraction companies following best practice in contracting, operations and payments?
 
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