Nigeria’s Trade Union Congress (TUC) has vowed to mobilize Nigerians and resist the sale or concession of the Nigeria Liquefied Natural Gas Company Ltd. (NLNG), All Africa reported. Moreover, the country’s Petroleum and Natural Gas Senior Staff Association (PENGASSAN) has also threatened to shut down the country if the federal government carried out its plan to sell national oil and gas assets, according to the Daily Post.
PENGASSAN advised that instead of selling off assets, the Nigerian government should look for other ways to increase the country’s wealth, while plugging loopholes and leakages in governmental spending. TUC’s President, Bobboi Kaigama, added that other actions by the government were necessary as abdicating Nigerian oil and gas assets would not be in the best interest of workers and future generations.
These statements came in response to the Governor of the Central Bank of Nigeria, Godwin Emefiele, stating that the country will sell off some of the Nigerian National Petroleum Corporation’s (NNPC) and Nigeria LNG Limited’s (NLNG) oil and gas assets to help revive the economy, with an expected yield of $10b.