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PENGASSAN warns FG against full concession of refineries

THE Petroleum and Natural Gas Senior Staff Association of Nigeria has warned the Federal Government against the full concession of the nation’s refineries.

The Group Executive Chairman, NNPC Branch of PENGASSAN, Mr. Abdullahi Sale, who made this remark on Tuesday shortly after a tour of the Port Harcourt Refinery, explained that it would be wrong for any government to hand over it energy for privatisation.

He pointed out that government could decide to hold 20 per cent equity, adding that such action had to be gradual, stressing that like security, the energy sector should not be fully privatised.

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