Politics
One-Day Oil Worker Strike Costs Nigeria N149bn In Economic Losses
One-Day Oil Worker Strike Costs Nigeria N149bn In Economic Losses....KINDLY READ THE FULL STORY HERE▶
Nigeria suffered a substantial loss of approximately N148.8 billion in oil revenue due to the recent one-day strike by oil workers protesting against the proposed N60,000 minimum wage by the Federal Government……….. CONTINUE READING
The strike, led by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers, resulted in the disruption of oil production at various installations across the country.
This disruption, coupled with the daily production volume and the cost of Brent crude on that day, accounted for the significant revenue loss.
The strike directive, which mandated the closure of all upstream oil installations, saw high compliance levels among union members.
Both PENGASSAN and NUPENG issued letters instructing their members to cease all operations, except for safety personnel, in protest of the government’s reluctance to address the minimum wage issue adequately.
AmThe letters emphasized the unions’ commitment to ensuring total compliance with the strike directive, reflecting their dissatisfaction with the government’s handling of workers’ welfare concerns.
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