Pushes for 51% sale of NNPC refineries
The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Festus Osifo, has advocated for the sale of a 51 per cent stake in NNPC refineries.
Speaking on Sunday during an interview via Channels Television Osifo gave reasons why he thinks the Federal Government should not sell 100% but 50% of the refinery to the private sector.
According to him, there are ready investors who could buy the refineries and if they are maintained without political interferences they are going to work.
He said, “Why we don’t want the government to sell the refinery 100 per cent to the private sector is because of the issue bordering on energy security.
“What we have advocated is what I said earlier. Government should sell a 51 per cent stake in NNPC refineries, and that is the direction in which the current management of NNPC is working towards.
“Yes, there are investors who will surely be willing to buy a stake in the refinery because our population in Nigeria is quite huge. Those refineries, when well-maintained without political pressures and interferences, are going to work,”.
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