The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) NEITI Reporting Compliance (P162344) AFRICA WEST | Nigeria | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2017 | Seq No: 5 | ARCHIVED on 15-Jul-2021 | ISR47434 | Implementing Agencies: Federal Ministry of Finance, NEITI Key Dates Key Project Dates Bank Approval Date: 07-Dec-2016 Effectiveness Date: 09-Dec-2016 Original Closing Date: 30-Apr-2020 Revised Closing Date: 15-Apr-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to assist Nigeria in meeting the EITI requirement for data timeliness. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Highly Satisfactory Highly Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status and Key Decisions NEITI has continued to meet the overall target of publishing the most recent oil and gas report within 18 months of the close of the reporting period despite facing challenges outside of their control in 2021. The 2019 oil and gas audit was finalized on Jan 20, 2021, which had set another new record in terms of speed of delivery. Unfortunately, the tenure of the National Stakeholders Working Group expired on February 4. The EITI requires that all audit reports be approved by the national stakeholder group prior to public disclosure. NEITI sought and obtained a waiver from the EITI International Secretariat on May 17 to publish the audit report without formal approval granted by the NSWG in its absence. In granting the waiver, the EITI requested a round of review by external stakeholders. A total of 65 representatives drawn from CSOs, companies, media and government agencies participated in the review in May 2021 and the audit report was released in June. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall -- Low Moderate 7/15/2021 Page 1 of 3 The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) 5. Results Project Development Objective Indicators IN01013624 ►Timeliness of reconciliation report publications (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Meaningful progress Satisfactory progress Satisfactory progress Satisfactory progress Date 11-Oct-2016 27-Feb-2019 15-Jun-2021 31-Mar-2022 Intermediate Results Indicators IN01013623 ►NEITI report production (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Reports not published Report published within 2 Report published Reports published within 18 Value within two years years. within 2 years. months Date 31-Oct-2016 29-Dec-2017 21-Jun-2021 31-Mar-2022 IN01013625 ►E-reporting of contextual information for oil and gas (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target E-reporting of contextual E-reporting of information (legal, contextual information regulatory, contractual, and No e-reporting of E-reporting of contextual Value including a dashboard fiscal frameworks; sector contextual information information for beneficial structure and ownership ownership patterns) on NEITI's website or other websites Date 01-Dec-2016 15-May-2018 28-Jun-2021 31-Mar-2022 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P162344 TF-A4025 Closed USD 0.59 0.59 0.00 0.59 0.00 100% P162344 TF-A6634 Effective USD 0.29 0.29 0.00 0.17 0.11 61% Key Dates (by loan) 7/15/2021 Page 2 of 3 The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P162344 TF-A4025 Closed 07-Dec-2016 09-Dec-2016 09-Dec-2016 31-Dec-2017 30-Apr-2020 P162344 TF-A6634 Effective 06-Feb-2018 02-May-2018 02-May-2018 30-Apr-2020 15-Apr-2022 Cumulative Disbursements Restructuring History Level 2 Approved on 27-Jun-2017 ,Level 2 Approved on 06-Feb-2018 ,Level 2 Approved on 28-Jan-2020 ,Level 2 Approved on 02-Jun-2020 Related Project(s) There are no related projects. 7/15/2021 Page 3 of 3