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:
Super Eagles Players Demand N12m Each The Super Eagles are reportedly asking for sum of $75,000 about N12.2m appearance fee which is the amount being paid to each of their Ghanaian counterparts by the Ghana Football Association. According to Vanguard report, the… Read More
1, 000 PDP Members Join APCThe All Progressives Congress (APC) in Kwara state on Sunday lost no fewer than 1,000 members to the People’s Democratic Party (PDP). READ MORE: http://news.naij.com/68181.html The defectors who were led by … Read More
'You Can’t Stop Sanusi’s Enthronement' - Northern Elders Tell Jonathan n The Northern Elders’ Forum has said President Jonathan cannot stop Sanusi's enthronement as the new Emir of Kano. The forum said it is wrong for the Presidency to interfere with enthronement of the immediate past Gover… Read More
Militants post images of mass killing in Iraq BAGHDAD (AP) — The Islamic militant group that swept across northern Iraq and captured two major cities last week has posted graphic photos that appear to show its fighters massacring dozens of captured Iraqi soldiers. … Read More
Actor and model Emmanuel Ikubese, who is to represent Nigeria at the Mr World contest to be held today, June 15, shines in pre-competition photos. READ MORE: http://news.naij.com/68167.html Mister Nigeria 2014 is currently in the UK preparing for the immensely colossal show at the Riviera International Conference Centre, Torbay, where he will compete with 45 other handsome men endeavoring to prove he is the… Read More