Governments are increasingly making the decision to publish the contracts they strike with companies to exploit natural resources. Since 2011, Guinea has been a leading proponent of the practice in Francophone Africa. Abdoulaye Magassouba, Guinea’s minister of mines and geology, spoke about the country's experience.
We know that women are more likely to be negatively impacted by extraction than men. What can be done as a policy response is often less evident.
At this University College London Global Governance Institute lecture on 5 March, NRGI president and CEO Daniel Kaufmann will discuss approaches to good governance and corruption control and trends in these spaces. Register to attend.
The index measures the quality of resource governance in 81 countries that together produce 82 percent of the world’s oil, 78 percent of its gas and a significant proportion of minerals, including 72 percent of all copper. It is the product of 89 country assessments (eight countries were assessed in two sectors), compiled by 150 researchers, using almost 10,000 supporting documents.
Publishing these contracts will create space for much-needed public scrutiny of deals that can be worth billions of dollars to the people of Nigeria. It also provides an important opportunity for the government and companies to build public trust in the petroleum industry.
The Charter is a set of principles for governments and societies on how to best harness the opportunities created by extractive resources for development. It is not a recipe or blueprint for the policies and institutions countries must build, but instead provides the ingredients successful countries have used.
