Oil and Other Minerals Resources – Policy, Legal and Institutional Reforms

Development of a policy on management of commercial discoveries of petroleum resources;
Revise the Energy Bill of 2012;
Review and updating the Petroleum (Exploration and Production) Act (Cap 308);
Restructure and enhance NOCK’s financial capability to conduct up stream business;
Reconstituting the National Fossil Fuels Advisory Committee (NAFFAC);
Enhancing corporate governance in the Government Institutions charged with petroleum exploration and development;
Develop a National Mining policy, Legal, Regulatory and Institutional Framework;
Develop a single fiscal regime for mining; and
Participation in the Extractive Industry Transparency Initiative (EITI).
Establish a National Mining Corporation.