PENGASSAN Seeks NNPC’s Increased Stake In Dangote Refinery
RUTH NWOKWU
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government to ensure that the Nigerian National Petroleum Company Limited (NNPC Ltd) increases its stake in Dangote Refinery from the current 7 percent to 45 percent.
PENGASSAN stated that this will ensure further energy assurance and security for the citizens while urging the Federal Government to create strategic petroleum product reserves.
PENGASSAN president, Comrade Festus Osifo, stated this during a media briefing on the presentation of the association’s communique and recommendations from the 3rd edition of PENGASSAN’s Energy and Labour Summit (PEARLS 2024) in Lagos on Tuesday.
The union also advised the government to partner with players in the private sector to maintain the already available petroleum product storage in the six geopolitical zones across the country.
According to PENGASSAN, when operational, petroleum products will be stored there and only made available when there is a shortage in supply.
It maintained that this would help in eliminating the bad roads and severe erosion-imposed perennial shortages that often lead to queues at petrol stations.
