This paper examines a broad range of opportunities for addressing the pressing human development needs of low-income countries by using new oil, gas, and mineral discoveries. It assesses how much of an impact can be made on the funding gaps for health and education by new oil and gas revenues,...

This paper outlines how sustainable development in resource-rich countries requires an 'all of government' approach as well as multi-stakeholder dialogue and partnerships between government, companies, and civil society organizations. Effective management and regulation requires many different...

The intensification of oil and gas production activities occasioned by the drive for more revenue to meet growing expectations of the populace for socio-economic development has entrenched the reliance on oil and gas revenue by the government of Nigeria and with consequential negative...

In 2018, the federal budget revenues moved up by 2.4 p.p. of GDP against 2017 not least because of the oil and gas revenues which grew by 2.2 p.p. of GDP and the expenditures contracted by 1.7 p.p. of GDP compared to the previous year. The federal budget limitation due to the budgetary rules has...

This report examines how oil and gas production generates revenue for local governments in eight states through four key mechanisms: (i) state taxes or fees on oil and gas production; (ii) local property taxes on oil and gas property; (iii) leasing of state-owned land; and (iv) leasing of...

In Q1 2018, the federal budget revenues exceeded the revenues seen during the same period of 2017. Oil and gas revenues rose while oil and gas income fell. Budget expenditure decreased against January-March 2017 which ensured the federal budget surplus. By the end of Q1 2018, dynamic of the...