Business & Finance

PENGASSAN, TUC threaten to shut down Nigeria Over sale of national assets

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The leaders of oil workers and trade union have threatened to shut down Nigeria should the Federal Government go ahead with the plan to lease out some national assets.

In a report by Punch Newspaper, the Petroleum and Natural Gas Senior Staff Association of Nigeria and Trade Union Congress have registered their disapproval of the FG’s move.

Stressing that the plan by the FG, which is meant to solve short-term financial obligations is targeted at handing over the nation’s collective wealth to a few individuals

“Any attempt to sell these national assets will be met with stiff resistance from the association, as PENGASSAN will galvanise every support, including that of our sister union and labour centres to shut down this country by ensuring that every activity in the oil and gas sector is brought to a complete halt,” PENGASSAN National Public Relations Officer, Emmanuel Ojugbana said in a statement.

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President of TUC, Bala Kaigama said the union will be in solidarity with NUPENG and PENGASSAN on the fight against the sale or lease of national assets.

However, the Nigeria Labour Congress, NLC, is yet to take a stand but the General Secretary, Dr Peter Ozo-Eson stressed that the NLC is opposed to the sale of national assets and will take necessary steps.

Meanwhile, the Federal Government has said it has no choice but to sell off some of the nation’s assets as it has become impossible for it to fund the expenditure of 2016 budget.

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