Nigeria’s two major oil unions have rejected government plans to sell parts of the country’s oil assets managed by the Nigerian National Petroleum Company Limited (NNPCL).
The unions, PENGASSAN and NUPENG, warned that selling these stakes could cripple NNPCL, reduce funds for salaries and national development, and endanger the country’s future.
“We say no. You cannot mortgage the future of Nigerians for temporary gains,” PENGASSAN President Festus Osifo said at a press briefing.
NUPENG leader Williams Akporeha also criticised the government’s plan to amend the Petroleum Industry Act, arguing that constant changes would scare investors.
Both unions urged President Bola Tinubu to stop the proposal, warning that Nigeria could face an economic crisis if the sale goes ahead.
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