FG’s N720bn debt threatens oil workers’ jobs – PENGASSAN

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The Petroleum and Natural Gas Senior Staff Association of Nigeria has alleged that oil marketers may have concluded plans to sack their workers if the Federal Government fails to settle the N720bn debt owed the marketers, The Punch reports.

PENGASSAN said this in a statement on Sunday, adding that the government’s settlement of the debt would not only avert the imminent sacking of workers, but also engender growth in the oil and gas industry, and develop the nation’s economy.

The National Public Relations Officer, PENGASSAN, Fortune Obi, signed the statement. The body said if the government was genuinely interested in the growth of the downstream sector and wanted to attract more investments to the sector, then it should settle the debts owed the marketers.

It called on the government to verify the authenticity of the claims by the oil marketers and ensure quick settlement of the genuine debts. Obi noted that in the last five years, the workforce in the downstream sector had been depleted by over 70 per cent.