PENGASSAN threatens 30-day shutdown, Nigeria risks N1.37tn loss
Business News News

PENGASSAN threatens 30-day shutdown, Nigeria risks N1.37tn loss

The Petroleum and Natural Gas Senior Staff Association of Nigeria, which was protesting, warned on Thursday to halt oil production in Nigeria for 30 days if the federal government didn’t do something to stop the ongoing enormous oil theft in the Niger Delta.

Members of the union organised demonstrations in a number of cities across Nigeria, including Abuja, Kaduna, and Port Harcourt in Rivers State as well as Warri in Delta State.Information Guide Nigeria

Other Top Stories:

According to research by our correspondent, if the employees carry out their threat, Nigeria might lose nearly N1.37 trillion due to the non-production and sale of crude oil, a significant source of foreign cash.JAMB Result

He added, “They say they load vessels, but we don’t see any. Is it a needle?”

He then declared that failure by the authorities to find lasting solutions to the menace would push PENGASSAN into taking more drastic actions.

“We will shut down the country for 30 days until we all come to the round table to unravel the mysteries surrounding the thefts,” Osihiokhamele stated.

He added, “PENGASSAN will resort to shutting down production for 30 days by withdrawing members, both onshore and offshore, wherever they are producing crude, should the government fail to hearken to this warning.”

NS: PUNCH

Check and Confirm: How much is Dollar to Naira today  Pounds to Naira today

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

Related Posts

Nigeria: Govt Says UAE Yet to Lift Visa Ban

Nigeria: Govt Says UAE Yet to Lift Visa Ban

The Federal Government has revealed that the United Arab Emirates, UAE, is yet to lift the visa ban imposed on Nigeria.InformationGuideNigeria Tis is following reports emerged that the…

Call To Bar: Ex-Minister Amaechi Joins First Class, 888 Candidates Fail Exam

Call To Bar: Ex-Minister Amaechi Joins First Class, 888 Candidates Fail Exam

Chief Rotimi Amaechi, Former Governor of Rivers State and former Minister of Transportation, was recently admitted to the bar in the class of 2024 after completing his law…

Nigerian Economy Not In Distress, Only Facing Challenging Times – Tinubu

Nigerian Economy Not In Distress, Only Facing Challenging Times – Tinubu

The President of Nigeria,  President Bola Tinubu on Tuesday, said Nigeria is currently facing challenging times but its economy is not distressed. As reported by THE WILL, President…

Nigerian Army troops kill notorious terrorist leader Maikusal

Troops of Nigerian Army have killed a notorious terrorist leader, Maikusa, who is identified to be the second-in-command in the hierarchy of the terrorists’ cell in Katsina State,…

“It’s work, work, work there”- Lady and family reportedly leave UK, relocates to Nigeria

“It’s work, work, work there”- Lady and family reportedly leave UK, relocates to Nigeria

Rebecca Olawale, a Nigerian lady who had stayed in the United Kingdom with her family, has created a film to illustrate that they have returned to Nigeria. GISTLOVER…

“This is so hard to watch”- Reactions trails video of Herbert Wigwe’s daughter paying tribute to her brother Chizi

“This is so hard to watch”- Reactions trails video of Herbert Wigwe’s daughter paying tribute to her brother Chizi

Herbert Wigwe, the former Group CEO of Access Holdings, his wife Chizoba, and their first son, Chizi, were recently killed in a helicopter crash. The incident came as…

Leave a Reply

Your email address will not be published. Required fields are marked *