Asessment of the Public Interest and Accountability Committee’s Report From 2011 to 2020

Abstract

ABSTRACT The purpose of this research was to evaluate the yearly reports of the Public Interest and Accountability Committee (PIAC) from 2011 through 2020. It was decided to use a cross-sectional quantitative research design and a purposive sample technique for this study. Information from the specified groups and people who were acquainted with PIAC's reports was gathered using this sampling technique. According to the findings of the study, the Petroleum Industry Advisory Committee (PIAC) has released 18 reports (9 semi-annual and 9 annual reports) between 2011 and 2020; however, the committee has faced challenges such as the release of reports in a timely manner, the funding of committee activities, and certain deficiencies in the reports on the use of petroleum funds on projects and initiatives. Despite these difficulties, according to indications from respondents and PIAC's publications, the Petroleum Industry Advisory Council has carried out its mission as outlined in the Petroleum Revenue Management Act, Act 815, 2011. Stakeholder engagement should be improved, activities decentralized to the district level, and more detail provided on the implementation of projects and initiatives to allow stakeholders to better understand the use and management of petroleum revenues, according to the recommendations made by the committee