Home »
» PENGASSAN condemns planned sale of refineries, subsidy removal
PENGASSAN condemns planned sale of refineries, subsidy removal
By Unknown 18:15
The Petroleum and Natural Gas Senior Staff Association of Nigeria has condemned plans by the Federal Regime to sell oil refineries in the country to private investors
The President, PENGASSAN, Mr. Babatunde Ogun, verbally expressed that private sector-operated refineries could lead to exploitation of the citizens in terms of high retail prices.
He verbally expressed, “We condemn vehemently endeavors by regime to sell the four state-owned refineries in Kaduna, Port Harcourt and Warri after failed endeavors to carry out Turnaround Maintenance on them. If we leave the petroleum products we utilize every day entirely to the private sector, there is possibility of exploitation, because they may decide to sell at exorbitant prices.
“The regime should not give the refineries funds again but they should go to the Nigerian Stock Exchange and banks to raise mazuma.”
According to Ogun, the body is optically canvassing the endeavors by the Bureau of Public Enterprises to go ahead with the sale of the refineries in spite of labour’s protest and accedence with the regime.
He additionally verbally expressed that it had become arduous to ascertain the amount of subsidy paid by the regime for petroleum products for two years that the board of the Petroleum Product Pricing and Regulatory Agency had been dissolved, integrating that the regime should immediately reconstitute the board and channel funds in the right direction.
“Some people are benefitting while we the ones fighting for the subsidy to be retained are not. If the regime can build airports for some people to fly, why can’t they build railway to convey petroleum products? They should ascertain that the mazuma is channelled into what we can benefit from,” Ogun verbalized.
FROM PUNCH.
Related Posts:
Rapper Andre Johnson is now... Penisless Here's an update on rapper Andre Johnson who made headlines this past April when he cut off his own penis and jumped off a building (read here). He survived that mess but he's now penisless Yesterday Andre verbalized … Read More
Brazil booed as Netherlands claim third Brazil's miserable World Cup campaign ended to a chorus of boos on Saturday as the hosts slumped to a 3-0 defeat against the Netherlands in the third place playoff match.Related Stories Argent… Read More
Adrian Lopez leaves Atletico Madrid for Porto Adrian Lopez joined Porto from Atletico Madrid on Saturday, linking up with the Primeira Liga club on their pre-season trip to Netherlands. Atletico substantiated on their website that Adrian had passed a medical with… Read More
CHAMPIONS! Germany WINS the 2014 #WorldCup | Beat Argentina 1 – 0 in Extra Time Germany are the WINNERS of the 2014 FIFA World Cup! Mario Götze struck gold in the 19th minute of Extra Time. It was a close match with both sides playing world class football. With their 7-1 crushing of Brazil in the… Read More
The 2014 #WorldCupFinal is ON! Germany vs. Argentina | See the Celeb Guests Former Spanish international Carles Puyol and model Gisele Bundchen It is the match of the year! The final of the 2014 World Cup in Brazil. Germany versus Argentina…who will emerge as the triumpher? We have no concept… Read More