The Natural Resource Charter (NRC) is a set of 12 economic principles for governments and societies on how best to manage the opportunities created by extractive resources for development. The 12 precepts cover the domestic foundations for resource governance, the decision to extract, getting a good deal, managing revenues, investing for sustainable development, and the international foundations for resource governance. It is adapted in Nigeria as the Nigerian Natural Resource Charter (NNRC) and managed by the Natural Resource Governance Institute (NRGI), a recent merger between the Revenue Watch Institute (RWI) and the NRC.
CPPA participated in the initial development of the NNRC precepts and is currently leading the 2014 benchmarking exercise, which aims to provide information on changes in the governance of natural resources within Nigeria in line with the precepts. To prepare the initial & benchmarking reports, CPPA worked with industry experts, practitioners, and civil society organizations to obtain firsthand information on the state of the oil and gas sector.
Bringing the Natural Resource Charter to Life