Cameroon

Overview of the Extractive Industries in Cameroon

Although oil production in Cameroon declined during the 1990s, oil revenues still contributed 24% of government fiscal revenue, 50% of export earnings and about 6% of GDP in 2003. Renewed investment in oil exploration and governmental plans to further liberalize Cameroon's energy sector may increase the hydrocarbons' share in the economy. In 2004 a pipeline across Cameroon, for oil export from Chad, was commissioned. This was partially financed by the World Bank Group as a part of the Chad-Cameroon pipeline project.

Status of EITI Implementation

Cameroon is currently a Candidate Country. It now has until 9 March 2010 to undertake Validation. Cameroon has the potential to become one of the first Francophone African countries to be validated. The National Committee agreed on a roadmap for Validation in March 2009. Cameroon has already produced two reports.

Governance of EITI implementation in Cameroon

The National Committee is a multi-stakeholder group in charge of implementation and follow-up of the EITI in Cameroon. Minister of Finances Essimi Menye leads the EITI multi-stakeholder group in Cameroon and has been elected EITI Board alternate in February 2009. The National Coordinator is Alfred Bagueka Assobo.

Cameroon EITI National Coordinator

Alfred Bagueka Assobo
Ministère de l'Economie et des Finances
Email: abassoboyahoo [dot] fr

Further information about the status of EITI implementation in Cameroon can be provided by Regional Director Francisco Paris at the EITI International Secretariat.