Let's talk about the Petroleum Industry Bill!

What is the bill meant to achieve in the oil & gas sector, and what are its governance provisions?

We've highlighted a few things you should know ahead of @housengr's public hearing on the bill, this week.

THREAD!
The Petroleum Industry Bill is an omnibus law meant to;

•Regulate the entire sphere of the oil and gas sector

•Repeal all current existing oil and gas legislation.

•Provide a framework for fiscal, governance, and
institutional aspects of the petroleum Industry.

#FixOurOil
In clear terms, the PIB is meant to;

•Create an effective and efficient governing institution.

•Foster a business environment conducive for petroleum operations

•Promote transparency, good governance and accountability, among others. #FixOurOil
The institutions under the PIB include the Minister, NMDPRA, NURC, NNPC and Host Communities.

These institutions will be holding different functions from policy formulation and regulation to commercialization.

Details about their responsibilities👇 #FixOurOil
More details about the responsibilities of NMDPRA and NNPC 👇 #FixOurOil
Speaking of the fiscal provisions of the bill, here's a detailed breakdown👇 #FixOurOil
For a more robust insight on critical aspects of the Bill, our blog post provides helpful insights from partners and stakeholders.

medium.com/@BudgITng/nige…
Our tweet session with @Onuoha_Kach also provides insights on what to expect once the bill is passed, especially its effects on the downstream sector.

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More from @BudgITng

17 Nov 20
What has Nigeria achieved since it joined the OGP?

Do citizens now have access to the budget & public info on govt activities?

What about the ease of doing business & asset recovery?

What has changed?

This thread highlights the successes of @ogpnigeria since its inception.
To reiterate, the OGP initiative is meant to promote open government, empower citizens and fight corruption among other objectives.

To achieve these, @NigeriaGov & CSOs drafted the 1st National Action Plan (NAP1), highlighting 14 commitments to be implemented between 2017-2019
The implementation of NAP1 achieved the following successes under @ogpnigeria;

• Open Budget to citizens

• Access to public information

• A Presidential Committee on Asset Recovery

• Ease of doing business, among others

#NAP2
Read 8 tweets
13 Nov 20
In Jun, 2020, we discovered payments totalling N278bn without descriptions, N51bn paid into personal acts & other loopholes for abuse of public funds on the #OpenTreasury Portal.

As a result of this, @Nigeriagov set up a committee with a mandate to resolve these issues.

Thread!
@BudgITng was nominated as a member of the Transparency Portal, Quality Assurance & Compliance Committee which also includes @ICPC_PE & @officialEFCC in response to our letter to the @OAuGF on the issues.

Our participation comes at no cost to @nigeriagov

#EndBadGovernance
Since the committee's intervention, payments without description have reduced from N40.76bn with about 500 transactions in March to N601.3m with 44 transactions in October 2020.

#EndBadGovernance
Read 11 tweets
12 Nov 20
THE PROPOSED #2021Budget

Critical issues that need @nassnigeria's attention

1. MISPLACED PRIORITIES

N17bn will be spent by govt officials on intl. travels & trainings that can be done virtually.

Whereas 38 Fed. Hospitals do not have allocations for medical supplies.

THREAD!
The N64.75bn allocated for the construction of government buildings across all MDAs should be reviewed downwards, seeing that nearly 135000km of roads in Nigeria are untarred, obstructing the movement of goods and people.

The latter needs more investment. #2021Budget
Also, the N11.9bn capital allocation to the police formations and commands is quite small considering the dearth of equipment needed to provide security for almost 200m people and the poor state of police barracks.

#2021Budget
Read 11 tweets
25 Oct 20
PRESS STATEMENT

Our attention has been drawn to the recent discoveries of warehouses across the country, packed with COVID19 palliatives meant for the citizens.

These discoveries are shocking & we are seriously concerned

This is NOT acceptable!

THREAD!

#AskQuestions
As at July, details on our COVID TRACKA platform revealed that Nigeria received over N213BN as donations for COVID19 response in cash & in kind.

Recall that we called on state govts to embrace full accountability by publishing details of amounts received & spent by their govts
ONLY 8 states published details pf amounts budgeted, received & spent on COVID response by their governments.

Subsequently, letters sent by @BudgITng to demand accountability from state govts were met with blatant disregard.

Read 6 tweets
27 Sep 20
BUDGIT APOLOGISES TO LAGOS STATE GOVERNMENT

BudgIT’s State of States report is a snapshot of the fiscal health of all 36 States in the country and it uses four metrics or stress tests to provide a fair overall Fiscal Sustainability Ranking of all the states.

Thread! Image
A previous graphic on the ability of states to meet their recurrent expenditure is hereby retracted.
According to Mr. Gabriel Okeowo, BudgIT’s CEO and Principal Lead, “No single metric, when isolated, provides a fair assessment of any state; and none of the tests we used evaluates state’s fiscals for insolvency.”
Read 9 tweets
24 Sep 20
The 2020 #StateOfStates Event starts in a bit.

You can connect in real time via our Youtube and Twitter live feeds (@BudgITng)

You can also follow this thread for live updates.

Official hashtag is #StateOfStates

Join us. ImageImageImageImage
Get ready as we take a deep dive into the 2020 #StateOfStates report.

This 2020 edition analysed states' fiscal sustainability - as measured by their capacity to meet recurrent obligations - while also examining epidemic preparedness financing at the subnational level ImageImageImageImage
Meet your hosts!

@dammyogunpe, @BudgITng's Communications Lead and Ms. @Olufatobs, @BudgITng's Communications Associate.

#StateOfStates Image
Read 13 tweets

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