The 2023 EITI data shows a contribution of 1,237 billion FCFA from extractive industries to the national budget, dominated by oil revenues.The recently published 2023 EITI Report indicates that over 1,232.6 billion FCFA was transferred to the public treasury, corresponding to taxes, royalties, and financial obligations paid by extractive companies. This amount represents a 12.96% decrease compared to the 1,416.22 billion FCFA recorded in 2022, linked to the decline in oil production and the drop in international prices.
Hydrocarbons account for 95.12% of these transfers, compared to 3.89% for oil transport and 0.99% for mines and quarries, confirming the structural predominance of oil in the formation of public revenues.
The report also highlights the macroeconomic impact: these resources contributed 21% to the state budget, 4.15% to GDP, 32.04% to exports, and 6.39% to investments. The growth remains largely driven by oil, while the shares of oil transport and quarries, although marginal, reflect a still limited diversification.
Presided over by the Minister of Mines, Industry, and Technological Development, and Vice President of the EITI Committee, Professor Fuh Calistus GENTRY, the 2023 EITI report launch workshop brought together a high-level audience. Participants included the Minister Delegate to the Minister of Finance, the personal representative of the EITI Champion in Cameroon, representatives from diplomatic and consular missions, development partners, CEOs of oil, gas, and mining companies, as well as public administration leaders. Also present were members of the EITI Cameroon Committee, civil society organizations, and media representatives.
Three speeches highlighted the event. First, Mr. Thompson MANANGA, representing the private sector, delivered a speech, followed by Billy Arthur GANDJUI, representing civil society organizations involved in EITI monitoring. Finally, the Minister of Mines, Professor FUH Calistus Gentry, took the floor to reiterate his ministry’s efforts in implementing strategic mining projects, collecting mining revenues, and restructuring the artisanal mining sector. He emphasized that the 2023 EITI report shows that the extractive sector generated CFAF 1,232.69 billion in payments in 2023. Although this figure is slightly lower than that of 2022, it remains crucial for managing public finances.
After the customary group photo, the meeting continued with a detailed presentation of the 2023 EITI report by Karim Lourimi from the ENERTEAM consultancy. He presented contextual sector data, financial figures, and recommendations aimed at improving transparency and good governance in the oil, gas, and mining sectors. The presentation sparked great interest among the participants, who asked numerous questions in a friendly atmosphere.
The workshop concluded with a call to all participants to access the EITI reports, which are available on the EITI Committee’s platforms and those of public entity partners. The Minister urged everyone to read, analyze, and use these reports to stimulate public debate and possibly trigger the necessary reforms in natural resource management.
Before the publication session, a capacity-building webinar was held in the morning from 1:00 p.m. to 2:00 p.m. for the Committee members and focal points. This exchange focused on the new requirements under Sections 3.2 and 3.3 regarding production and export data. The session provided an opportunity to explore, through practical cases and analysis of EITI reports, how these requirements can help optimize revenue mobilization and reduce illicit financial flows in the extractive sector.
This meeting marked a significant step forward towards better management of extractive resources
