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Journalist to hold workshop on PIGB

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All is now set for journalists in South East and South South geopolitical zones to embark on a workshop on Petroleum And Governance Bill (PIGB).

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 is yet to be assented to by the president.

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 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.

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