PENGASSAN threatens strike action over sales of national assets

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has said that it will go on strike should the Federal Government carry out its plan to sell national assets.

The union’s Public Relations’ Officer, Mr Emmanuel Ojugbana in a statement on Sunday in Lagos advised and cautioned government to be wary of such plan.

It may be recalled that federal government had said that it would sell some of its national assets to augment revenue shortfall as a way out of the current economic recession.

Ojugbana described the move as unpatriotic attempt to solve the country’s short-term financial obligations by handing over collective common wealth to a few individuals and further impoverish the rest of Nigerians.

“We will not watch our national assets, especially those in the oil and gas industry such as NLNG that has become a huge revenue earner for Nigeria, refineries and shares in the upstream oil and gas JV operations being shared among those in power.

“Any attempt to sell these assets will be resisted as PENGASSAN will incite every support from labour centres to ensure that every activity in the oil and gas sector is brought to a halt,” he said.

The union scribe said that it was worrisome that somebody could suggest that national assets, such as the NLNG and shares in the upstream oil and gas JV operations be sold.

 Ojugbana said these assets have been generating revenue and are still generating revenue for the country.

He said that the plan was ill-timed and unwarranted as they do not serve national interest, adding that no nation could develop, survive or feel secure after selling all its national assets.

Ojugbana said that doing this would further mortgage the future of the country in the hands of few who would take advantage to further loot the country through illegal acquisition of the national assets as in the case of various oil blocks.

He advised that instead of selling the assets, the government should look for other ways of increasing the revenue base of the country, while plugging loopholes and leakages in government’s finances.

The PENGASSAN PRO also said that  governments at all levels should pump out money through execution of capital projects and payment of workers’ salaries to revive the economy.⁠⁠⁠⁠



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