LAGOS: WORKERS in the nationâ€™sÂ petroleum industry, have warned that the country is ready for full deregulation and called on government to ensure that all necessary pre-conditions are in placed before the policy is implemented.
Under the umbrella of the National Union of Petroleum and Natural Gas Workers (NUPENG) and its Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), the workers warned any deregulation without meeting some identified pre-conditions would throw the nation into confusion.
In a petition addressed to the Secretary to the Federal Government, the leaders of NUPENG and PENGASSAN, state categorically that their position is that the policy must be that of a guided deregulation.
The petition entitled â€œ NUPENGASSAN Position on deregulation policy of the Federal Governmentâ€ and signed by Comrades Lumumba Okugbawa and Elijah Okougbo, Acting General Secretary and General Secretary of PENGASSAN and NUPENG respectively, read in part: â€œOur attention has been drawn to various interpretations concerning our position. (NUPENG and PENGASSAN) on the plan to deregulate the downstream sector of the Oil and Gas industry, by the federal government of Nigeria. We noted that lack of competition in the downstream sector of our industry has stalled growth and affected job opportunities.
We have also noted that any policy that guarantees complection and delivering of products to consumers will be encouraged on the ground that the enabling environment is provided and appreciated criterial put in place for sincere and effective implementation of the policy. Such policy must seek to promote local refining and discourage reliance on importation to eradicate the obstacles that could render any policy ineffective being it regulation or deregulation.â€