Tag: Nigeria oil asset sale
THOKOZANI KHANYI
Nigeria Oil Unions Slam Government’s Plan to Sell JV Assets
Two of Nigeria’s biggest oil unions, PENGASSAN and NUPENG, have publicly rejected the federal government’s proposal to sell stakes in joint‑venture oil fields. They warn the move could mortgage the country’s future, cut off revenue streams and leave workers exposed. The unions also criticize the secrecy surrounding the plan, calling for greater transparency and stakeholder involvement. Their backlash sets the stage for a possible showdown between the administration and organized labor. The dispute highlights deeper tensions over how Nigeria should manage its most valuable natural resource.
