In a bid to provide an opportunity for Journalists in the South East and South South geopolitical zones to understand the urgent and key issues around oil and gas sector reform particularly the PIBs, with how and why they should support advocacy for their passage and assent; a workshop on Petroleum and Governance Bill (PIGB) will hold.
The workshop, which is expected to hold between 24th and 27th October, in Uyo, Akwa Ibom State capital, will have selected journalists from all the states that make up the zone deliberate on the bill which was passed by the National Assembly on March 28, this year but it’s yet to be assented to by the president.
A statement by the Nigeria Natural Resource Charter (NNRC), disclosed that the PIGB ,which is practically consistent with the National Petroleum Policy, approved by the Federal Executive Council in July, 2017, is expected to ensure good governance in Nigerian Petroleum Industry, separate the roles and functions of the institutions and commercial entities in order to enable transparency and accountability and assigns regulatory functions of the National Petroleum Regulatory Commission to operate independently.
The workshop is also expected to help build capacity for journalists to engage and report petroleum industry reform more and better.
“The bill also will clarify the role of the regulator and the commercial entities managing petroleum resources on behalf of Nigeria, provides for incorporation of the commercial entities as companies limited by shares with precise objectives and specifies the role of the board of directors, among others,” the report stated.
The event is the second leg of a similar event held for northern representatives of NUJ and it’s expected to witness industry policy experts including Leonard Ugbaja, and Joe Nwakwue.
Source: The Nation