Stakeholders to discuss on petroleum sector reforms
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Stakeholders to discuss on petroleum sector reforms

- Stakeholders in oil and gas will on Monday, April 29 in Lagos brainstorm on the way forward for the sector

- Their focus will be mainly in terms of reforms and securing greater benefits for Nigeria and her citizens

- The meeting will also determine ways to engage with the federal government on alternative reforms for the sector

Stakeholders in oil and gas will on Monday, April 29 in Lagos brainstorm on the way forward for the sector in terms of reforms and securing greater benefits for Nigeria and her citizens.

Legit.ng gathered that the event, organized by the Nigeria Natural Resource Charter (NNRC) and OrderPaper Advocacy Initiative (OAI).

The programme is an off-shoot of the Development Dialogue Series (DDS) of OrderPaper Advocacy, a non-governmental organization focused on policy-related, especially legislative engagements that expand the frontiers of good governance and deepening of democratic practice in Nigeria.

It is being organized against the backdrop of the back and forth between the National Assembly and President Muhammadu Buhari on the Petroleum Industry and Governance Bill (PIGB) which was recently passed again by the former after an initial rejection by the latter.

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Concerns have continued to mount over prevailing uncertainty around the stalemated reforms in oil and gas, which many believe, has a negative impact on the economy with increasing investor flight and a continually dwindling resource base for Nigeria.

In a statement sent to Legit.ng by by Tengi George-Ikoli, program coordinator, NNRC and Oke Epia, executive director of OAI on Thursday, pril 25, they stated that the dialogue seeks to consider the economic, financial and social implications of not embracing reforms in the petroleum sector.

Additionally, it will determine ways to engage with the federal government on alternative reforms for the sector.

Representatives from the government, legislature, oil and gas industry executives, the academia, the media, and civil society organizations are expected at the event.

The keynote speaker is the vice president, training, research and development at the International Institute for Petroleum, Energy Law and Policy (IIPELP) at the University of Port Harcourt, Professor Wumi Iledare.

Other speakers are Dr. Adeoye Adefulu, partner/head, Odujinrin Adefulu's Energy Practice, Henry Ademola Adigun of the Facility for Oil Sector Transformation (FOSTER), Israel Aye, founding and managing partner of Primera Africa Legal, Olufemi Dawole of Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Joseph Nwaukwe, a renowned expert in the field.

Speaking about the event, George-Ikoli stressed the importance of the petroleum sector and cautioned that the country’s ability to finance her budget and service her debt is dependent on her capacity to generate revenues.

Epia, on his part, emphasized the need to reposition the Nigerian economy for recovery, stressing that the oil and gas sector remains the key transformative tool for diversification and growth.

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Meanwhile, a Civil Society Organisation, Friedrich-Ebert-Stiftung, through its Open-Minds Young-Voices Network, have kick-started a project termed 'ManifesTrack.'

This was revealed at a one-day workshop on Wednesday, March 20 with the media and CSOs on monitoring and tracking of campaign promises in Nigeria.

Legit.ng gathered that the aim of the project is to critically assess President Muhammadu Buhari's electoral promises (manifesto) to Nigerians in the next four years leveraging on technology and social media to simplify the manifesto and sensitize the general public to ask questions and demand transparency.

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Source: Legit.ng

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