Question

List the five steps for a natural resource charter

Answer 1

The exploitation of natural resources should be planned within the context of its long-term development goals to ensure full value for the people of the host nation. Extractive resources are public assets and their use decisions, their usage should be subject to public scrutiny. Good oversight requires accountability. Competition can be a vital tool for governments to ensure that value of their resources is realized and property rights and contracts are strengthened in fairness.

Step 1: Creation of a benchmarking questionnaire–Split the 12 precepts into more detailed sub-sections (and sub-sections) so that context-relevant information can be obtained.

Step 2: Mobilize prominent actors to help the NNRC–Corral the top civil society and public and private sector experts to form the debate and rate the country along with the comprehensive questionnaire.

Step 3: Researching and reviewing data–Using local research agencies to build a coherent and credible evidence base.

Step 4: Building consensus on the structure and final benchmarking report–To ensure credibility, listen and integrate the broad range of stakeholder viewpoints into the process and final product.

Step 5: Charter operationalization–Using benchmarking to help set policy goals and define effective change opportunities.