This is the Resource Governance Index by NRGI . The index includes new assessments of oil, gas and mining governance in 81 countries. It comprises primary research on value realization and revenue management, and draws on existing research to paint a picture of countries’ enabling environments for governance. The assessments take into account laws and practices concerning licensing, taxation, state-owned enterprises, sovereign wealth funds, subnational revenue sharing, national budgeting, local impacts of extraction, and more. In the index, Nigeria scores 42 of 100 points and ranks 55th among 89 assessments in the 2017 Resource Governance Index (RGI), with the largest oil and gas reserves in sub-Saharan Africa with an estimated 37 billion barrels of oil and 188 trillion cubic feet of gas. Nigeria is one of the world’s most resource-dependent countries — oil and gas contributed the majority of government revenues and constituted 90 percent of Nigeria’s exports in 2015.
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