Nigeria’s Oil Unions End Strike After Govt Promises

Nigeria’s Oil Unions End Strike After Govt Promises

Nigerian unions ended a day strike against the split of the state-owned Nigerian National Petroleum Corp. (NNPC)  after Oil Minister, Emmanuel Ibe Kachikwu, promised there would be no job cuts, All Africa reported.

The strike came amid spiraling oil prices, domestic shortages. It was called by two major oil and gas unions – the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas Workers. The unions said the move violated the law and also raised concern about workers’ benefits, Bloomberg reported.

President Muhammadu Buhari has pledged to revamp the NNPC and rid it of corruption that multiple probes have said is endemic. The company lost $1.34b last year and despite recovering monthly losses from around $151m in August 2015, the NNPC’s deficit still stood at $15m in January.

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