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: 4 | ARCHIVED on 13-Jul-2020 | ISR42732 | 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 Satisfactory Highly Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status and Key Decisions On account of the substantial fall in the government revenue as a result of the COVID-19 pandemic and the ensuing recession, NEITI approached the World Bank to amend the grant letter to permit use of the remaining funds for preparation of the 2019 EITI oil and gas audit. The EGPS management responded favorably and the grant has been restructured. NEITI hopes to publish its 2019 EITI oil and gas report even sooner than the time it had taken to publish the 2018 EITI oil and gas report, which had set a record. Doing so would amplify the impact of the reports and pave the way for publishing information through government and company systems, to make data even timelier. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall -- Moderate Low 7/17/2020 Page 1 of 3 The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) 5. Results Project Development Objective Indicators IN00869915 ►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 27-Feb-2019 27-Feb-2019 Intermediate Results Indicators IN00869914 ►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 29-Dec-2017 31-Mar-2022 IN00869916 ►E-reporting of contextual information for oil and gas (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target E-reporting of contextual information (legal, regulatory, contractual, and No e-reporting of E-reporting of contextual E-reporting of Value fiscal frameworks; sector contextual information information contextual information structure and ownership patterns) on NEITI's website or other websites Date 01-Dec-2016 15-May-2018 15-May-2018 01-Jul-2019 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) 7/17/2020 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. 7/17/2020 Page 3 of 3