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Nigeria

2008 Indicator Analysis  |  2007  |  2006  |  2005  |  2004  |  2003  |  2002  |  2001  |  2000  |  1999


Data Year

2008

Report Published Indicator Analysis

2011

Commodities
Oil & Gas
Current EITI Status
Compliant

Report Quality Analysis



Report Compiled by   Hart Nurse Ltd/S.S. Afemikhe & Co.

EITI report   Download PDF

Source   neiti.org.ng



Company Payments

$61,346,586,000

Government Receipts

$61,349,086,000


GDP, 2008 BILLION $ source

207.12

Total Government Revenue (% of GDP)

32.84

Reported EI Revenue
(% of Total Revenue)

90.19



CommodityEITI Production VolumesUnitsIndep. Source Production VolumesUnitsPrice from EITI ReportPer UnitIndep. Reference PricePer UnitTotal Company PaymentsTotal Gov't ReceiptsNotes
Oil
 
bbls774,456,000bbls 1
 
$/bbl101.43$/bbl 2
 
 
Gas
 
m335,000,000,000m3 1
 
$/m30.33$/m3 1
 
 
1 BPSR
2 BPSR (Nigerian forcados)
   EITI report failed to provide this commodity-specific data.

Report Quality Indicators

1. Regularity

a) score0.38 
b) total reports / implementing years3/8 

2. Timeliness

Lag between fiscal year of data and publication year.3 

3. Materiality

Report clearly defines a materiality threshold.No  

4. Data Reliability

Report contains audited data from:  
a) companiesYes  
b) governmentYes Eiti template data audited by auditor general

5. Coverage

Revenue data includes the following revenue streams:  
a) royaltiesYes  
b) taxesYes 
c) surface, rental or license feesYes 
d) bonusesYes  
e) state-owned enterprise (SOE) paymentsYes  
f) Report covers all extractive sector companies.Yes Government failed to provide a list of companies. The list compiled by the reconciler appears complete.
g) Report states the price of any product received or sold by government.No  
h) Report states the quantity of resources produced.No  

6. Discrepancies

Report contains:  
a) information on the cause of revenue discrepancies.Yes In several cases, report data cannot be reconcilled because only company or government data is presented.
b) reconciled data following the correction of discrepancies.Yes  

7. SOE Revenue Flow

SOE Revenue Flow data is clearly explained in the report.Yes  

8. Disaggregation

Report provides financial data on individual:  
a) companiesYes  
b) revenue streamsYes  
c) projectsNo Detailed production data.
d) commoditiesNo  

9. Comprehensibility

Report contains:  
a) a summary with key findings and revenue totalsYes 
b) clear indication of what currencies and units of measurement are used Yes 
c) written explanation of key findings and recommendationsYes Detailed reccomendations for improving data reliability and efficiency of the reconcilliation.
d) a clear definition of termsYes  

10. Accessibility

Report is available:  
a) in at least one official languageYes  
b) on a government websiteYes 

Related Indicators

Revenue Watch Index, 201046.5 
Corruption Perception Index, 2010 134/178 
Open Budget Survey, 201018 



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