NUPENG, PENGASSAN STRONGLY OPPOSE FG’S PLAN TO SELL JV OIL ASSETS, PIA AMENDMENTS

Unions warn selling stakes risks Nigeria’s oil future and economic stability.

NUPENG and PENGASSAN condemn the Federal Government’s move to sell its Joint Venture oil assets, calling it a threat to NNPC Ltd. and Nigeria’s economy. They also reject changes to the Petroleum Industry Act that remove petroleum ministry’s control over NNPC. Leaders urge focus on boosting production, protecting national assets, and maintaining investor confidence.