Economy and Politics: PIB, Transparency & Accountability In Nigeria's Oil and Gas Sector
The privatization of all Nigeria's state-owned petrochemical refineries is the best option for increasing private sector participation in the oil and gas sector.
Tengi George Ikoli the Program Coordinator, Nigeria Natural Resource Charter disclosed this in a recent conversation on "Achieving Transparency and Accountability In Nigeria's Oil and Gas Sector".
Speaking on the Federal Government's recent decision to rehabilitate the Port Harcourt refinery for $1.5bn, she said a full liberalization would have brought more transparency to the process and opened up the avenue for accessing more private capital.
Tengi said Civil Society Organizations like the NNRC have played critical roles in pushing for accountability from the government on decisions and policy steps in the Oil and Gas sector, from subsidy, improved legislations through PIB and deregulation of the sector.