The Nigeria Natural Resource Charter (NNRC) presented the findings from its 2017 Benchmarking Exercise Report (BER) through a Policy Dialogue and Capacity Building Workshop to members of the media, civil society organizations (CSO) the academia, ministries, departments and agencies (MDAs) and stakeholders in the oil and gas industry on Thursday, February 15th and February 22nd, 2018 in Abuja and Lagos consecutively. The NNRC collaborated with the Media Initiative on Transparency in the Extractive Industry (MITEI) and the Centre for Petroleum, Energy Economics and Law (CPEEL) collaborated to explore the benefits of the Petroleum Industry Governance Bill (PIGB) on the Nigerian economy. The NNRC/MITEI event was targeted at improving the understanding of stakeholders on the benefits of the PIGB and the roles of stakeholders after the bill is assented to. The NNRC/CPEEL event assessed the contributions of the Nigerian National Petroleum Corporation (NNPC) to the Nigerian economy. Both engagements assessed petroleum sector policies against the NNRC benchmark precpets 1 and 6.
Precept 1: Strategy, legal framework and institutions: Resource management should secure the greatest social benefit for cistizens through an inclusive and comprehensive national strategy, clear legal framework and competent institutions.
Precept 6: State owned enterprises: State owned enterprises should be accountable, with well-defined mandates and an objective of commercial efficiency.