NUPENG rejects sale of NNPC assets

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According to reports, the Nigeria Union of Petroleum and Natural Gas Workers says it will not support the sale of NNPC’s assets without proper consultation with labour unions in the petroleum sector.


Alhaji Tokunbo Korodo, the South-West Chairman of the union, made the declaration on Tuesday in Lagos.

The oil workers had on November 13 declared that they would reject any attempt by the Federal Government to sell some of its stakes in the NNPC.

The Federal Ministry of Petroleum Resources released a draft policy document on the reform of the oil sector on Nov. 10, which proposed the sale of some of its stake in the national oil firm.

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According to Korodo, there is no way the unions will open their eyes and allow these assets to be sold without proper consultation.

“NUPENG says no to sale of NNPC assets, we are against any sale of the nation’s assets because there is no justification for it.

“They are planning to sell them to their cronies like they did in power sector.

“We cannot continue to watch until they sell the whole nation.

“Labour unions cannot wake up and discover that assets are being put up for sale without consulting them; it will not work.

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“The government needs to resolve labour issues before selling any assets,’’ he said.

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