By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Why We Shut Down NNPC Nationwide Operations – PENGASSAN
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Why We Shut Down NNPC Nationwide Operations – PENGASSAN

Farouk Mohammed
By Farouk Mohammed
Published: March 9, 2016
Share
3 Min Read
SHARE

pengassan

The Petroleum and Natural Gas Senior Staff Association of Nigeria on Wednesday offered reasons why it joined the National Union of Petroleum and Natural Gas Workers in shutting down the operations of the Nigerian National Petroleum Corporation nationwide.

PENGASSAN, speaking through its acting General Secretary, Comrade Lumumba Okugbawa, said the move by the government to unbundle the NNPC as announced by the Minister of Petroleum Resources and Group Managing Director of the NNPC, Dr. Ibe Kachikwu, will be tantamount to policy summersault on the part of the government.

Okugbawa said the unbundling plan, announced on Tuesday, will stave off investors from the nation’s oil and gas industry at this time when the nation needed foreign investment the most to grow the industry, which currently is the mainstay of the economy.

- Advertisement -

He explained that the government did not take into consideration the existing law that established the NNPC before planning to unbundle the corporation.

He said: “There is an existing NNPC Act of 1977 that set up the NNPC.

“This Act has many provisions that deal with structure and operations of the corporation.

“There are many issues such as pensions and transfer of the employees, which are provided for in the NNPC Act of 1977.

- Advertisement -

“What will happen to all these provisions of the law?

“For the government to do anything with the current NNPC, the Act must either be repealed or amended to accommodate the planned restructuring.

“If not done, it will equal to lack of respect for the rule of law on the part of the government.

“The Petroleum Industry Bill that is expected to be the legal instrument for the ongoing reforms of the Oil and Gas industry will be meaningless if the Government should introduce plans outside the reforms.

“The PIB is germane to the development of the nation’s Oil and Gas industry.

“Above all, the various stakeholders, especially the unions, should be involved before any major change is carried out in the organisation and before any unilateral statement capable of heating up the industrial climate is made.”

The PENGASSAN acting General Secretary reiterated the Association’s call for an all-inclusive Stakeholders’ Forum where all issues confronting the industry can be looked into with solutions proffered to them.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:NNPCPENGASSAN
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article James Ocholi’s Driver Didn’t Have License To Drive – FRSC
Next Article Lekki Gardens Releases Statement On Collapse Building

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow
- Advertisement -
Ad imageAd image
- Advertisement -
- Advertisement -
Ad imageAd image

Recent Posts

FG Rolls Out Bold Family Unity Plans Amid Rising Urban Struggles
News
Trade Tensions and Tariffs Push Global Economy to Brink, UN Warns
International
Atiku Abubakar
Atiku Slams Post-Obasanjo Presidents Over Boko Haram, Credits Obasanjo for Early Victory
News
Rudeboy Drops New Single ‘Billos’
Entertainment
GTBank Entry Level Program 2025: All You Need to Know
Explainer
- Advertisement -
Ad imageAd image

You May Also Like

Politics

Delta Governor: Defection to APC Aimed at Advancing State, Not Weakening PDP

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 15, 2025
News

Tinubu to Attend Pope Leo XIV’s Inauguration in Rome

Muhammad A. Aliyu
Muhammad A. Aliyu
May 15, 2025
VeryDarkMan
News

Police Re-arraign VDM Over Cyberbullying Allegations Against Nollywood Actresses, Others

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 15, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?