29th September 2023
Make a Donation

International NGO: sign the Petroleum Revenue Management Bill.

Author : | Published: Tuesday, August 6, 2013

The Petroleum Revenue Management Bill, passed by the parliament last month should be signed into law as soon as possible, says an international organization.

Global Witness says that South Sudan must avoid mismanagement, corruption and the capital flight which other oil-rich countries by signing the law as soon as possible.

Ahmed Morgan, an economist and lecturer in the University of Juba agrees that the use of oil money must be accounted for.

“If the bill is not passed then how the oil revenue is going to be used is not going to be clear because this one is not given directly to Ministry of Finance or whoever is the custodian of the South Sudan money,” he said.

“Having that transparency will also try to help countries to which South Sudan I think is subjected to,” he also said.  “Some countries have given loans to South Sudan, and they may follow also how revenue generation is going on in South Sudan given that the oil is the most important resource that generates almost 90% of the revenue”.

A campaigner for Global Witness says the ongoing disputes with Khartoum and the threat of an imminent shutdown of the oil pipeline, means that the future income of South Sudan is far from assured.

Support Eye Radio, the first independent radio broadcaster of news, information & entertainment in South Sudan.

Make a monthly or a one off contribution.

error: Alert: Content is protected !!