ISS

N:

33

33

GE facility

GE facility

NLNG-loading-bay

NLNG-loading-bay

Brazil's President Dilma Roussef, shares a moment with local workers

Brazil's President Dilma Roussef, shares a moment with local workers

he lack of funds issues faced by

the Public Interest Accountability TCommittee (PIAC) will soon be a

thing of the past as parliament set to

amend the Act that established it in

order to ensure that the Committee is

adequately catered for.

Established under Section 51 of

the Petroleum Revenue Management

Act (Act 815), the PIAC is to monitor

and evaluate compliance with Act

815 by the Government and other

relevant institutions in the

management and use of petroleum

revenues; provide a platform for

public debate on spending prospects

of petroleum revenues in line with

development priorities; and provide

an independent assessment on the

management and use of oil revenues.

PIAC since its establishment has

been faced with cash matters which

resulted in them being kicked out

from their Adabraka offices after

failing to renew their tenancy

agreement; despite assurance by the

Finance Minister that funds have

been allocated to that effect.

According to Hon Osei Akoto,

Member of Parliament for Old Tafo,

the current state of the law has left the

PIAC at the Whims and caprices of

the Ministry of Finance to the extent

that they choose when they can give

them funds.

Commenting on the intended

amendment during the second

reading of the Bill, the Chairman of

the Finance Committee, Hon James

Klutse Avedzi, noted that the intended

he lack of funds issues faced by

the Public Interest Accountability TCommittee (PIAC) will soon be a

thing of the past as parliament set to

amend the Act that established it in

order to ensure that the Committee is

adequately catered for.

Established under Section 51 of

the Petroleum Revenue Management

Act (Act 815), the PIAC is to monitor

and evaluate compliance with Act

815 by the Government and other

relevant institutions in the

management and use of petroleum

revenues; provide a platform for

public debate on spending prospects

of petroleum revenues in line with

development priorities; and provide

an independent assessment on the

management and use of oil revenues.

PIAC since its establishment has

been faced with cash matters which

resulted in them being kicked out

from their Adabraka offices after

failing to renew their tenancy

agreement; despite assurance by the

Finance Minister that funds have

been allocated to that effect.

According to Hon Osei Akoto,

Member of Parliament for Old Tafo,

the current state of the law has left the

PIAC at the Whims and caprices of

the Ministry of Finance to the extent

that they choose when they can give

them funds.

Commenting on the intended

amendment during the second

reading of the Bill, the Chairman of

the Finance Committee, Hon James

Klutse Avedzi, noted that the intended

amendment seek to among other things modify

section 57 of the PRMA to provide for funding

for activities of PIAC which was inadvertently

over-looked by the House during the passage of

the Act.

The amendment provides that PIAC shall

submit its budget on annual program to the

Finance Minister for inclusion in the annual

national budget.

The Committee is happy that eventually,

the error is being corrected, he said.

The Finance Committee is however, of the

view that considering the enormous

responsibilities assigned to PIAC under the Act,

there will be the need for a dedicated and

sustainable source of funding for its activities.

Despite the provision being made to

resource the PIAC, the Finance Committee

Chairman, Hon Klutse Avedzi, acknowledged

that The provision, as indicated above, would

subject PIAC to the annual ritual of inadequate,

untimely and at times non-release of budgetary

allocations suffered by MMDAs.

It will also not ensure sufficient resources

allocation for PIAC to effectively fulfill its core

mandate.

He therefore recommended that a stronger

long-term commitment be obtained to fund

PIAC, suggesting an allocation against the

Annual Budgetary Fund Allocation (ABFA).

On his part, Hon Alan Bagbin, Majority

Leader, pointed out that the amendment being

proposed concerning PIAC was not as a result of

an oversight or error on part of parliament

because the matter came up and was thoroughly

discussed.

He said The Ministry of Finance is not

conforming to the spirit of the law but working

with the letter.

amendment seek to among other things modify

section 57 of the PRMA to provide for funding

for activities of PIAC which was inadvertently

over-looked by the House during the passage of

the Act.

The amendment provides that PIAC shall

submit its budget on annual program to the

Finance Minister for inclusion in the annual

national budget.

The Committee is happy that eventually,

the error is being corrected, he said.

The Finance Committee is however, of the

view that considering the enormous

responsibilities assigned to PIAC under the Act,

there will be the need for a dedicated and

sustainable source of funding for its activities.

Despite the provision being made to

resource the PIAC, the Finance Committee

Chairman, Hon Klutse Avedzi, acknowledged

that The provision, as indicated above, would

subject PIAC to the annual ritual of inadequate,

untimely and at times non-release of budgetary

allocations suffered by MMDAs.

It will also not ensure sufficient resources

allocation for PIAC to effectively fulfill its core

mandate.

He therefore recommended that a stronger

long-term commitment be obtained to fund

PIAC, suggesting an allocation against the

Annual Budgetary Fund Allocation (ABFA).

On his part, Hon Alan Bagbin, Majority

Leader, pointed out that the amendment being

proposed concerning PIAC was not as a result of

an oversight or error on part of parliament

because the matter came up and was thoroughly

discussed.

He said The Ministry of Finance is not

conforming to the spirit of the law but working

with the letter.

he lack of funds issues faced by

the Public Interest Accountability TCommittee (PIAC) will soon be a

thing of the past as parliament set to

amend the Act that established it in

order to ensure that the Committee is

adequately catered for.

Established under Section 51 of

the Petroleum Revenue Management

Act (Act 815), the PIAC is to monitor

and evaluate compliance with Act

815 by the Government and other

relevant institutions in the

management and use of petroleum

revenues; provide a platform for

public debate on spending prospects

of petroleum revenues in line with

development priorities; and provide

an independent assessment on the

management and use of oil revenues.

PIAC since its establishment has

been faced with cash matters which

resulted in them being kicked out

from their Adabraka offices after

failing to renew their tenancy

agreement; despite assurance by the

Finance Minister that funds have

been allocated to that effect.

According to Hon Osei Akoto,

Member of Parliament for Old Tafo,

the current state of the law has left the

PIAC at the Whims and caprices of

the Ministry of Finance to the extent

that they choose when they can give

them funds.

Commenting on the intended

amendment during the second

reading of the Bill, the Chairman of

the Finance Committee, Hon James

Klutse Avedzi, noted that the intended

he lack of funds issues faced by

the Public Interest Accountability TCommittee (PIAC) will soon be a

thing of the past as parliament set to

amend the Act that established it in

order to ensure that the Committee is

adequately catered for.

Established under Section 51 of

the Petroleum Revenue Management

Act (Act 815), the PIAC is to monitor

and evaluate compliance with Act

815 by the Government and other

relevant institutions in the

management and use of petroleum

revenues; provide a platform for

public debate on spending prospects

of petroleum revenues in line with

development priorities; and provide

an independent assessment on the

management and use of oil revenues.

PIAC since its establishment has

been faced with cash matters which

resulted in them being kicked out

from their Adabraka offices after

failing to renew their tenancy

agreement; despite assurance by the

Finance Minister that funds have

been allocated to that effect.

According to Hon Osei Akoto,

Member of Parliament for Old Tafo,

the current state of the law has left the

PIAC at the Whims and caprices of

the Ministry of Finance to the extent

that they choose when they can give

them funds.

Commenting on the intended

amendment during the second

reading of the Bill, the Chairman of

the Finance Committee, Hon James

Klutse Avedzi, noted that the intended

amendment seek to among other things modify

section 57 of the PRMA to provide for funding

for activities of PIAC which was inadvertently

over-looked by the House during the passage of

the Act.

The amendment provides that PIAC shall

submit its budget on annual program to the

Finance Minister for inclusion in the annual

national budget.

The Committee is happy that eventually,

the error is being corrected, he said.

The Finance Committee is however, of the

view that considering the enormous

responsibilities assigned to PIAC under the Act,

there will be the need for a dedicated and

sustainable source of funding for its activities.

Despite the provision being made to

resource the PIAC, the Finance Committee

Chairman, Hon Klutse Avedzi, acknowledged

that The provision, as indicated above, would

subject PIAC to the annual ritual of inadequate,

untimely and at times non-release of budgetary

allocations suffered by MMDAs.

It will also not ensure sufficient resources

allocation for PIAC to effectively fulfill its core

mandate.

He therefore recommended that a stronger

long-term commitment be obtained to fund

PIAC, suggesting an allocation against the

Annual Budgetary Fund Allocation (ABFA).

On his part, Hon Alan Bagbin, Majority

Leader, pointed out that the amendment being

proposed concerning PIAC was not as a result of

an oversight or error on part of parliament

because the matter came up and was thoroughly

discussed.

He said The Ministry of Finance is not

conforming to the spirit of the law but working

with the letter.

amendment seek to among other things modify

section 57 of the PRMA to provide for funding

for activities of PIAC which was inadvertently

over-looked by the House during the passage of

the Act.

The amendment provides that PIAC shall

submit its budget on annual program to the

Finance Minister for inclusion in the annual

national budget.

The Committee is happy that eventually,

the error is being corrected, he said.

The Finance Committee is however, of the

view that considering the enormous

responsibilities assigned to PIAC under the Act,

there will be the need for a dedicated and

sustainable source of funding for its activities.

Despite the provision being made to

resource the PIAC, the Finance Committee

Chairman, Hon Klutse Avedzi, acknowledged

that The provision, as indicated above, would

subject PIAC to the annual ritual of inadequate,

untimely and at times non-release of budgetary

allocations suffered by MMDAs.

It will also not ensure sufficient resources

allocation for PIAC to effectively fulfill its core

mandate.

He therefore recommended that a stronger

long-term commitment be obtained to fund

PIAC, suggesting an allocation against the

Annual Budgetary Fund Allocation (ABFA).

On his part, Hon Alan Bagbin, Majority

Leader, pointed out that the amendment being

proposed concerning PIAC was not as a result of

an oversight or error on part of parliament

because the matter came up and was thoroughly

discussed.

He said The Ministry of Finance is not

conforming to the spirit of the law but working

with the letter.

Port-Harcourt-Refinery

Port-Harcourt-Refinery

In addition to our core

areas of Engineering,

Project Management,

Procurement and

Technical Manpower

Services, we are now

pursuing a strategy of

vertical integration,

which has seen us build

capacity in Operations &

Maintenance, Subsea

Services, Marine

Logistics, Installation

Support, and

Fabrication.

In addition to our core

areas of Engineering,

Project Management,

Procurement and

Technical Manpower

Services, we are now

pursuing a strategy of

vertical integration,

which has seen us build

capacity in Operations &

Maintenance, Subsea

Services, Marine

Logistics, Installation

Support, and

Fabrication.

By Sola Akingboye, Abuja

Efforts to contain an oil spill.

By Sola Akingboye, Abuja

Efforts to contain an oil spill.

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