Oil workers warn FG against planned sale of oil, gas assets to fund budget

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Oil workers on the platform of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Wednesday said they would oppose any attempt by the Federal Government to sell oil and gas assets to fund the 2018 budget, Premium Times reports.

Reacting to a report of plans by the government to sell oil and gas assets to fund the budget, PENGASSAN’s National Public Relations Officer, Fortune Obi, said they would support any other funding model to bridge the over N2 trillion deficit in the budget proposal presented to the National Assembly on Tuesday by President Muhammadu Buhari.

Mr. Obi recalled that the idea of disposing of oil and gas industry assets to raise funds was rejected by Nigerians when it was first mooted in 2016. He described the latest reported plan as a ploy to hand over the country’s commonwealth to a few individuals and further impoverish majority of Nigerians.