GS12943 VPA-1 OYU - Building Sustainable Nigerian Communities VPA01

Audit Analysis

A Gold Standard cookstove project in Nigeria with VVB-verified additionality and quantified leakage, but undermined by six material findings (including incorrect ER calculation formulas), over 20 corrective actions, a project-specific baseline with no stated reassessment date, and a 10-percentage-point gap between assumed and verified usage rates. The project over-delivered relative to its pro-rata expectation, suggesting a conservative baseline, but the volume of documentation deficiencies raises questions about the robustness of the underlying MRV.

Project Description

Red Flags

• ⚠Six material findings in the verification report, including incorrect formulas used in ER calculation and missing evidence for usage-rate monitoring, training records, and manufacturing dates
• ⚠Over 20 corrective actions required, indicating systemic documentation gaps across the PDD, monitoring report, and stakeholder consultation records
• ⚠FPIC not conducted per the final PDD (June 2023), despite the project targeting vulnerable Nigerian communities
• ⚠Usage rate assumed at 100% in the PDD but verified at only 90% in the monitoring report, a 10-percentage-point overstatement

Credit Vintages

No issuances recorded on the registry.