March 2018

The Nigeria Natural Resource Charter (NNRC) in collaboration with the African Centre for Leadership, Strategy & Development (Centre LSD) launched a study on “A Review of Crude Oil Sales and Reserve Management in Nigeria – vis-à-vis the Social and Economic Benefits for its People”, in Abuja on Wednesday, March 28th, 2018.

The Nigeria Natural Resource Charter (NNRC) in conjunction with the Media Initiative on Transparency in Extractive Industry (MITEI) organised a Roundtable on the Petroleum Industry Governance Bill (PIGB) themed: ‘Understanding the Petroleum Sector Reforms Proposed by the PIGB on March 8, 2018, in Abuja. The event was organised to explore the ‘critical reforms proposed by the PIGB’ and ‘the transition process in the post-PIGB’ era.

The Nigeria Natural Resource Charter (NNRC) in collaboration the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan held a workshop titled: ‘Assessing Petroleum Sector Wealth: NNPC’s contributions to the economy, in Lagos on the 29th of March 2018. The event which was well attended by stakeholders in the oil and gas sector operators, civil society organizations, the media, and a cross section of the public highlighted some of the challenges militating against Nigeria making the most from its oil wealth.

The Chairman, Expert Advisory Panel of the Nigeria Natural Resource Charter (NNRC) Mr. Odein Ajumogobia (SAN) has reiterated the need for greater transparency and accountability in Nigeria’s extractive sector and the oil and gas industry in particular. The high level of opacity in the industry not only hampers economic development but also scares genuine investors away from Nigeria. Mr. Ajumogobia made this known at the Workshop organized by the Nigeria Natural Resource Charter (NNRC) in Lagos on March, 29th 2018 at Protea Hotels Kuramo Waters, Lagos.

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