2018 Africa Oil Governance Summit Report
While many resource dependent African countries can boast of large deposits of minerals as well as oil and gas, their economies are characterized with challenges including low growth, low GDP, high inflation, high budget deficits, low per capita income, corruption and conflicts among others. It is no longer news to say that resource rich nations have failed to translate these natural resources into much desired socio-economic development for the people. While myriad of factors can be blamed for this state of resource extraction, poor resource governance stands out without measure. This is also due to inadequate space to engage, share lessons and best practices among resource rich countries. The Africa Oil Governance Summit therefore is an attempt to provide this missing link by creating a platform where players in the industry will converge and deliberate on the best way to ensuring that extraction of resource translates into socio-economic growth and development.