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
