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Business & Finance

NNPC Workers Shut Down Nationwide Over New ‘Unbundling’; Fuel Scarcity To Increase

nnpc_mega_station - Fuel Scarcity
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Workers have shut down operations of the Nigerian National Petroleum Corporation (NNPC) nationwide due to the unbundling of the corporation. Members of staff and management of the corporation arrived their various offices on Wednesday morning to discover that they could not gain entrance following the total strike.

The impact of the strike will be nationwide fuel scarcity as products will not be lifted by NUPENG.

It is not expected to affect the crude oil export yet except the Department of Petroleum Resources (DPR) joins in solidarity.

Ibe Kachikwu, minister of state for petroleum resources who doubles as the NNPC group managing director, had announced the creation of seven independent units on Tuesday, namely downstream, gas and power, refineries, ventures, corporate planning and services, and finance and accounts.NUPENG and PENGASSAN held an emergency meeting at 10pm on Tuesday to discuss the development. At the end of the meeting, the GEC of NUPENG sent this message to all members:

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“The GEC of NUPENG & PENGASSAN at its meeting of 8th March 2016, which started at 10:00pm has extensively discussed the pronouncement of the GMD on NNPC UNBUNDLING. We observed that the GMD/HMSP totally disregarded due process and failed to engage STAKEHOLDERS. Hence, from midnight today, ALL NNPC LOCATIONS will be SHUT DOWN COMPLETELY until further notice. Further directives will be communicated accordingly.”

Kachikwu had said the distribution of subsidiary companies of NNPC would further be restructured into direct management of the divisions. But the workers don’t wont anything that will affect them.


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