Senegal has solidified its position as an international benchmark for resource management after receiving a “Very Good” distinction in its third validation under the EITI Standard 2023.
On Thursday, May 7, 2026, the National Committee of the Extractive Industries Transparency Initiative (EITI) presented these results to the President of the Republic at the Palace in Dakar. The country achieved a high score of 89 out of 100, reflecting a steady upward trajectory in governance since Senegal first joined the initiative in 2013.
This milestone arrives at a transformative juncture for the national economy as the Sangomar and Grand Tortue Ahmeyim (GTA) projects begin active oil and gas production. While the President celebrated the technical achievement, he emphasized that high transparency scores must translate into tangible benefits for the Senegalese people. To achieve this, the government has prioritized several key administrative reforms, including the effective transfer of mining and petroleum revenues to local authorities and the finalization of the beneficial ownership register to prevent illicit financial flows.
Looking forward, the Senegalese authorities are treating this performance as a baseline for future growth rather than a final achievement. The executive branch has called for the regular publication of accessible data and the strengthening of oversight mechanisms for extractive licenses. By focusing on these structural improvements, the government aims to manage the high social expectations surrounding new hydrocarbon resources while ensuring that subsoil wealth contributes to national sovereignty and the reduction of economic inequalities.
TE/Sf/lb/abj/APA