The JMC controls the JDZ. Set by treaty, the allocation of resources is 60% Nigeria 40% Sao Tome and Principe. I assume the two nations are represented in the JMC equally, but I have never seen it delineated.
The Nigerian PIB could indirectly effect the deliberations of the JMC, but the JMC would have the final authority to rule on any changes in the administration of the JDZ.
The Nigeria Sao Tome and Principe Joint Development Zone is an area of overlapping maritime boundary claims between the two Countries located in the Gulf of Guinea. In November 1999, the Heads of State of Nigeria and Sao Tome and Principe directed the officials of the National Boundary Commission of the two countries to commence negotiations on the maritime boundary of the two countries. In August 2000, the Heads of state directed on the adoption of the Joint Development Zone approach since there was no consensus by the two countries. After extensive negotiations, the Joint Development Zone Treaty was signed on the 21st February 2001 and was subsequently ratified by the Legislature of the two Countries and deposited with the Secretary General of the United Nations. THE JOINT DEVELOPMENT ZONE TREATY The key provisions of the treaty are: Definition of the Joint Development Zone by co-ordinates. 60% of resources to Nigeria, 40% to Sao Tome and Principe. Treaty to last for 45 years with review after 30 years. No renunciation of claims to zone by both countries. JOINT MINISTERIAL COUNCIL The affairs of the Joint Development Zone is managed by a Joint Development Authority (JDA) that reports to a Joint Ministerial Council. The Council has overall responsibility for all matters relating to the exploration for and exploitation of the resources in the JDZ, and such other functions as the States Parties may entrust to it.The key functions of the Council are: to give direction to the JDA on the discharge of its functions under the terms of the Treaty; to approve rules, regulations (including staff regulations) and procedures for the effective functioning of the JDA; to consider and approve the audited accounts and audit reports of the JDA; to consider and approve the Annual Report of the JDA; to review the operation of the Treaty and to make recommendations to the States Parties on any matter concerning the functioning or amendment of the Treaty as may be appropriate; to approve development contracts which the JDA may propose to enter into with any contractor; to approve the termination of development contracts entered into between the JDA and contractors; to approve the distribution of revenues or products derived from development contracts in the Zoneto the States Parties; to consider and approve the annual budget of the JDA; to approve the opening of bank accounts by the JDA; to vary any time limit imposed upon the JDA under the terms of this Treaty; through consultation, to settle disputes in the JDA; to appoint the external auditors for the JDA and approve their remuneration. The Council, its members and its Secretary are entitled to use the services of the Secretariat of the JDA as necessary for the discharge of their functions under the Treaty.
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The Nigeria Sao Tome and Principe Joint Development Zone is an area of overlapping maritime boundary claims between the two Countries located in the Gulf of Guinea. In November 1999, the Heads of State of Nigeria and Sao Tome and Principe directed the officials of the National Boundary Commission of the two countries to commence negotiations on the maritime boundary of the two countries. In August 2000, the Heads of state directed on the adoption of the Joint Development Zone approach since there was no consensus by the two countries. After extensive negotiations, the Joint Development Zone Treaty was signed on the 21st February 2001 and was subsequently ratified by the Legislature of the two Countries and deposited with the Secretary General of the United Nations. THE JOINT DEVELOPMENT ZONE TREATY The key provisions of the treaty are: Definition of the Joint Development Zone by co-ordinates. 60% of resources to Nigeria, 40% to Sao Tome and Principe. Treaty to last for 45 years with review after 30 years. No renunciation of claims to zone by both countries. JOINT MINISTERIAL COUNCIL The affairs of the Joint Development Zone is managed by a Joint Development Authority (JDA) that reports to a Joint Ministerial Council. The Council has overall responsibility for all matters relating to the exploration for and exploitation of the resources in the JDZ, and such other functions as the States Parties may entrust to it.The key functions of the Council are: to give direction to the JDA on the discharge of its functions under the terms of the Treaty; to approve rules, regulations (including staff regulations) and procedures for the effective functioning of the JDA; to consider and approve the audited accounts and audit reports of the JDA; to consider and approve the Annual Report of the JDA; to review the operation of the Treaty and to make recommendations to the States Parties on any matter concerning the functioning or amendment of the Treaty as may be appropriate; to approve development contracts which the JDA may propose to enter into with any contractor; to approve the termination of development contracts entered into between the JDA and contractors; to approve the distribution of revenues or products derived from development contracts in the Zoneto the States Parties; to consider and approve the annual budget of the JDA; to approve the opening of bank accounts by the JDA; to vary any time limit imposed upon the JDA under the terms of this Treaty; through consultation, to settle disputes in the JDA; to appoint the external auditors for the JDA and approve their remuneration. The Council, its members and its Secretary are entitled to use the services of the Secretariat of the JDA as necessary for the discharge of their functions under the Treaty.
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