Resource Revenue Sharing

Resource Revenue Sharing is a fair distribution process where revenue generated from natural resources, like oil or minerals, is shared between the government and local communities or regions. When resources are extracted, the government collects revenue, which can then be allocated back to areas impacted or involved in the resource extraction. This helps ensure that the benefits from resource development are shared widely, supporting local development, infrastructure, and public services. The goal is to promote equitable growth and prevent resource wealth from only benefiting few, fostering balanced economic development across regions.