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Nigerian oil workers' union opposes gov't plan to sell national assets

Xinhua, September 26, 2016 Adjust font size:

Nigerian oil workers' union has said it will not support a plan by the government to sell national assets to cushion the effects of economic meltdown.

In a statement reaching Xinhua on Monday, the Petroleum and Natural Gas Senior Association of Nigeria, threatened to "halt every activity in the oil and gas sector of Nigeria" if the government carried out the plan.

The reaction came as the Nigerian government last week made known its plan to sell some national assets to augment revenue shortfall.

"We will not watch our national assets sold, especially those in the oil and gas industry such as NLNG (the Nigeria Liquefied Natural Gas) that has become a huge revenue earner for Nigeria," the statement said.

According to the statement, the planned selling of national assets at this time was unwarranted, and would not serve national interest but would further impoverish the citizens.

The workers urged government at all levels in the country to look inwards and generate funds from other revenue-based sources to revive the dwindling economy, and block the loopholes and leakages in government's finances. Endit