Pia Implementation Comes Under Knocks

As experts pick hole in NNPCLs operation under PIA

Following the recent call bythe International Monetary Fund IMF for deeper reforms in Nigeria, particularly to enhance transparency in the oil sector, the Country Representative of the Extractive Industries Transparency Initiative EITI, Dr. Michael Uzoigwe, has urged the federal government to conduct a comprehensive review of the implementation of the Petroleum Industry Act PIA, 2021.

Also speaking on the place of the National Petroleum Company Limited , NNPCL, a Civil Society Organisation, Space for Change, said the transformation of the national oil company from public to private sector orientation has not addressed the PIA concerns and the purpose especial with regards to transparency in the industry.

In a telephone interview with Vanguard, Uzoigwe emphasized that such a review would reveal how effectively the law has been applied.