Despite an overall positive trajectory, Guinea's citizens have not yet fully benefited from the country’s natural resources. This is largely due to poor governance performance in the past, as well as some lingering challenges.
Nigeria’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC), has kicked off 2017 by announcing the names of 39 companies it has chosen to purchase the government’s share of oil production. But while such transaprency is welcome, the list of newly announced names raises some concerns.
The move toward income-based levies also has brought serious, and intractable, administrative difficulties, since the measurement of a taxpayer’s net income is far more difficult and prone to taxpayer avoidance than measurement of the fair market value of extracted product.
The December 2016 issue of the Caucasus Analytical Digest examined the record of human capital accumulation, gender equality and corporate social responsibility in Azerbaijan during the recent oil boom.