Publication Date:November, 2011
Volume Number: 1
Document Size: 4pages
This Policy Brief presents the findings of the Transparency Building Initiative, aproject of the Facility for Oil Sector Transparency (FOSTER) in Nigeria,implemented by CSEA. FOSTER is a five-year DFID funded project that aims toimprove oil sector transparency in Nigeria through a combination of technicalanalysis and policy advocacy. CSEA is the local partner in the FOSTER consortium,working with Oxford Policy Management, UK, and the Revenue Watch Institute,USA.
The Transparency Building Initiative (TBI) identified the most significanttransparency deficits in the disclosure of information on the Nigerian oil sector.This exercise was informed by the 2010 ranking of Nigerias oil sector by theinternationally reputed Revenue Watch Index as having partial revenuetransparency. In response to this global rating of oil sector transparency inNigeria, the TBI project sought to identify weaknesses in the discharge ofstatutory transparency roles by strategic regulatory institutions in the oil sector,specifically in the disclosure of information and data. The project also identifiedpolicy interventions to improve access to information on key oil sector processesand transactions.