NNPC Not Transparent Despite Reforms - Group
So, affairs of Nigeria’s oil company are still shady despite reforms.
According to an international coalition that promotes public debate on reforms in the extractive sector called Publish What You Pay, the Nigerian National Corporation, NNPC is still not transparent enough despite the various reforms introduced by the Federal Government to make the corporation accountable to Nigerians.
The coalition said the Federal Government has yet to take strategic actions in its reform process at the NNPC, which the Nigerian masses can feel and relate with.
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Speaking on the sidelines of a two-day multi-stakeholders’ workshop for civil societies working in the extractive sector, the National Coordinator, PWYP, Mr. Peter Egbule, observed that the current administration had good intentions for the corporation, but stressed that more work should be done to open up the national oil firm.
“Those intentions must materialise into actions that the ordinary man can feel. For instance, the NNPC runs as government within a government.
“They do their budget; they decide how much they retire or spend; they decide what profit they plough back,” Egbule started.
“The biggest issue for us is accountability and transparency across the value chain in the extractive sector. Again, extractive industry is misunderstood as being oil and gas, that is one of the key issues. We want to also make people to understand that the sector spans beyond oil and gas into solid minerals,” he said.
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