Regional News of Saturday, 18 September 2021Source: GNAParticipants at a forum organized by the Public Interest and Accountability Committee, (PIAC) have called for judicious use of oil revenue on legacy projects rather than spreading the resources sparsely. The call is to compel the government to undertake region-specific projects with lasting impact in promoting a fair share of the National resource. The PIAC forum was organized as part of the Committee's tenth-anniversary celebration, and to create awareness on its monitoring and compliance role, to ensure that oil revenues were protected and well utilized. "Petroleum Revenues have been used to tackle too many national problems at the same time, thus weakening the greater potential impact of the oil resources," PIAC observed. PIAC also holds the belief that the few legacy projects should be identified and supported by the Annual Budget Fund Amount.
