Making Nigerians Beneficiaries of 7 Big Wins

Making Nigerians Beneficiaries of 7 Big Wins

Making Nigerians Beneficiaries of 7 Big Wins

Nigeria has made a statement of intent to move the oil and gas sector to greater heights with the launch of “7 Big Wins” by ministry of petroleum. The strategy seeks to improve transparency, efficiency, investment and security in the sector. The Big Wins focuses on Policy and Regulation which seeks to stop the diversion of petroleum product to other neighbouring African country. It also seeks the passage of the Petroleum Industry Governance Bill, liberalization of the downstream sector, the establishment of an appropriate pricing framework for all products, initiation of the petroleum products tracking system and elimination of toxic contracts in NNPC.

Also, the Nigeria government wants improved business and operating environment in the oil and gas sector, recognizing the need to solving the Niger Delta problem. Furthermore, the government plans to harness the huge gas reserves in Nigeria and make the country becomes a gas-based economy from an oil-based economy.

In the proposed reform, the government recognizes the importance of supporting local and establishing modular refineries. It argues, the approach will make Nigeria move away from importing refined petrol products to exporting refined product by 2019.

Addressing the Niger Delta militancy was a major issue in the reform agenda. Thus, the government proposes Niger Delta development master, the introduction of new standards for oil & gas infrastructure to reduce vandalism and the clean-up of oil polluted areas as a mechanism for addressing militancy in the region.

However, improving transparency and efficiency in the oil and gas sector was identified as a key factor that will drive investment  in the sector. While improving communication in the oil and gas sector both internally and externally and growing Nigeria’s relevance among the oil producing nations is fundamental.

In Publish What You Pay Nigeria, we believe that if Nigerians are carried along in the implementation of the 7 big wins, and if the implementation is inclusive and transparent, citizens will be the major beneficiaries. But if the roll out of the 7 big wins is not transparent, participatory and accountable, the cabals in the sector will be the beneficiaries. It is therefore imperative for citizens to pay close attention to the 6th and 7th big wins. This reform strategy is like lighting a candle, unless it is fed with flames, it will go off. Thus, citizens participation, is feeding the candle flames. .