Public Disclosure Copy The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) NEITI Reporting Compliance (P162344) AFRICA | Nigeria | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2017 | Seq No: 1 | ARCHIVED on 06-Apr-2017 | ISR27534 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:07-Dec-2016 Effectiveness Date:09-Dec-2016 Original Closing Date:31-Dec-2017 Revised Closing Date:31-Dec-2017 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 PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Implementation Status and Key Decisions This project helped NEITI to meet the publication deadline of 31 December 2016 for the 2014 reports by bridging the funding gap to pay the two Independent Administrators for hydrocarbons (oil and gas) and solid minerals. Failing to meet the deadline would have resulted in NEITI's suspension from EITI. 4/6/2017 Page 1 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  --  Moderate Comments NEITI depends on funding from the Federal Government for publication of its annual EITI reports. The collapse of the price of oil has slashed funding, and in 2016 the funds provided fell far short of what was required, and this RETF provides emergency funding at the request of NEITI and the International Secretariat of EITI. The risk is that 2017 will not be significantly better, although it is still too early to tell. We will be providing an additional $270,000 to help in 2017. Results Project Development Objective Indicators PHINDPDOTBL Compliance with EITI standard on timeliness (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Satisfactory Value Meaningful progress -- -- progress Date 31-Oct-2016 -- -- 31-Jan-2018 Overall Comments Intermediate Results Indicators PHINDIRITBL NEITI report production (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Reports Reports not published Report published within published Value -- within two years 2 years. within two years Date 31-Oct-2016 -- 30-Dec-2016 01-Jan-2018 4/6/2017 Page 2 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P162344 TF-A4025 Effective USD 0.32 0.32 0.00 0.24 0.08 75% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P162344 TF-A4025 Effective 07-Dec-2016 09-Dec-2016 09-Dec-2016 31-Dec-2017 31-Dec-2017 Cumulative Disbursements Restructuring History 4/6/2017 Page 3 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report NEITI Reporting Compliance (P162344) There has been no restructuring to date. Related Project(s) There are no related projects. 4/6/2017 Page 4 of 4 Public Disclosure Copy