Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Sunday vowed that they would resist any attempt by the Federal Government to sell some of its stakes in the Nigerian National Petroleum Corporation (NNPC).
According to the Public Relations Officer, PENGASSAN, Mr. Emmanuel Ojugbana, the union would not support the sale of NNPC’s assets.
The statement by the PRO is coming on the backdrop of a proposal by the Federal Ministry of Petroleum Resources on Thursday, suggesting the sale of the government’s stakes in NNPC.
The Punch reports that the petroleum ministry had released a draft policy document on the reform of the oil sector on November 10, in which it proposed the sale of some of its stakes in the national oil firm.
In the proposal, the petroleum ministry stated that a newly formed corporation could sell the stake “so long as the government shareholder retains effective control and ownership.”
However, in his reaction, Ojugbana said:
Lending his voice on the issue, the Secretary-General, PENGASSAN, Mr. Lumumba Okugbawa, said the union did not know which subsidiary of the NNPC might be put up for sale, but stressed that oil sector workers would resist the move.