Monday, March 12, 2012


Scarcity of petroleum products looms across the country as the Nigeria Union of Petroleum and Natural Gas Workers threatens to embark on a nationwide strike with effect from Wednesday when a 72-hour deadline issued to the Federal Government expires.

The General Secretary of NUPENG, Mr. Elijah Okougbo, said that the impending strike had to do with disagreement over loan obtained by Jetty and Petroleum Tank Farm Owners Association of Nigeria from some banks, to satisfy the demand for fuel importation.
It was gathered that NUPENG was demanding the implementation of a section of an agreement reached with the Federal Government to allow JEPTFON, a subsidiary association, to pay back the loan in 15 years with three percent interest.
He said, “If nothing is done to consider the satisfactory implementation of the committee reports, we will have no choice but to resume our suspended nationwide strike without further notice in order to save the livelihood of our members as injury to one, is injury to all.”
Which way Nigeria? ...

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