WHAT WE DO
The Nigeria Natural Resource Charter (NNRC) implements the NRC in Nigeria. The Natural Resource Charter (NRC) is a set of principles intended for use by governments, societies, and the international community to determine how best to manage natural resource wealth for the benefit of current and future generations of citizens. The charter’s 12 precepts cover the different kinds of decisions and policies that are required to successfully govern a petroleum sector.
Using the NRC framework, developed by a diverse set of internationally renowned experts on natural resource management, the NNRC conducts a bi-annual assessment of petroleum resource governance in Nigeria. Thus far, it has conducted three; 2012, 2014 and 2017. It analyses the governance of petroleum wealth in Nigeria and identifies crucial changes that have taken place in the sector since the last benchmarking exercise was conducted.
For each of the 12 precepts, a series of questions were developed using the guide questions provided by the benchmarking framework. The questions were categorized according to various stakeholder groups in the petroleum sector including public institutions, oil and gas companies, financial institutions, CSOs, research institutions, and industry experts.
Responses were analyzed and aggregated using a simple average method to provide an objective means of assessment in line with the traffic light system adopted for the preceding exercise. It involved applying equal weights to each question and aggregating the responses at the secondary and primary levels to derive a scoring for each precept.
A number of the questions were answered using both survey and desktop research. In cases where the two approaches led to the same conclusion, this helped reinforce that the initial conclusion and the proposed methodology were not affected. However, when the two approaches yielded conflicting results, the researchers’ judgments were key to reconciling these conflicts.
Findings from the research were subjected to further scrutiny by the Expert Advisory Panel in a validation and scoring exercise. This subjected the results to additional analysis, resulting in a well-rounded assessment of the sector.