Workers Union Calls For Quick Passage of Nigeria's Petroleum Laws

The NUPENG chief further noted that the passage of the remaining three components would restore investors’ confidence and generate employment opportunities and also reduce the tension in the Niger Delta.

SEATTLE (Oil Monster): The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the National Assembly to pass the other three petroleum laws pending before it. The National President of the union, Williams Akporeha, who stated this recently, also expressed concerns about the delay in passage of the three other components of the bill.

He stressed that the passage of the remaining bills namely, the Fiscal Framework Host Communities’ Issues, the Petroleum Industry Administration Bill will go a long way to ensure transparency and accountability in the oil and gas industry.

The NUPENG chief further noted that the passage of the remaining three components would restore investors’ confidence and generate employment opportunities and also reduce the tension in the Niger Delta.He said that the nation has lost billions of Naira in foreign investment, which would have come into the oil and gas industry but for the uncertainties, and prolonged delay in the passage of the bill into law.

As a result of the unbundling in good stead in order to save the nation from unnecessary industrial crisis, Akporeha called on the National Assembly to treat all labour related issues that may arise thereof.

Meanwhile, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has commended the House of Representatives’ decision to pass a resolution cautioning the Federal Government against executing the proposed sale of her shares in the Nigerian Liquefied Natural Gas (NLNG).Reacting to the call by the House of Representatives on the urgent need to stop the sale of the gas company, the oil worker said it was in tandem with the position on the need for the government to retain its shares’ ownership in the company.

The senior oil workers advised that rather than the Federal Government selling a viable company like NLNG whose dividends was used to kick-start and financed the economy when Nigeria was in recession, government should explore other options to resuscitate the economy.

Courtesy: https://guardian.ng