Nigeria–São Tomé and Príncipe Joint Development Authority

The Nigeria – São Tomé and Príncipe Joint Development Authority is an organization established in 2001 by treaty between Nigeria and São Tomé and Príncipe to regulate a joint Development Zone along the two countries maritime border in the Bight of Bonny .

[1] In 2015, Nigeria considered pulling out of the joint venture, saying it had paid the bills for the last 5 years and the expected 100 million US$/year were not materializing.

Sao Tome and Principe had changed interests of the joint venture to fishing, since oil prospects were dim.

[1] As of 2018[update] the Nigeria-Sao Tome Joint Development Authority had funding problems and could not pay staff for months, "despite raking in a total of $300 million in signature bonuses from exploration and exploitation of natural resources in 2001".

[3] In 2019, the Extractive Industries Transparency Initiative International Secretariat requested "reconciliation of revenues and disclosure of contextual information" which it had already asked for in 2015/2016.