Nigeria Sao Tome & Principe Joint Development Authority

Prior to the setting up of the Joint Development Authority between the Federal Republic of Nigeria and the Islands of São Tomé and Príncipe, border conflicts were generally characterised by violent conflicts particularly in Africa.Fact|date=February 2007 The Joint Development Authority was created to regulate the activities of exploitation and exploration of oil and gas and other related ecocomic activities in the Joint Development Zone. [ [http://www.afrol.com/articles/13475 São Tomé, Nigeria sign oil transparency pact] , Afrol news]

The Joint Development Zone is an area between the Federal Republic of Nigeria and the Islands of Sao Tome & Principe speculated to be rich in oil and gas reserves. No country can individually explore the resources in the zone without interfering in the maritime boundary of the other country. This fact necessitated the two countries to come up with the idea of developing a joint development authority for purposes of developing the economics potentials of the zone.

The Joint Development Authority has its head office located in Abuja, Nigeria.

References

External links

* [http://www.nigeriasaotomejda.com/ Official site]
* [http://www.eitransparency.org/content/article/detail/729 Joint Development Zone Meeting] at the website of EITI