Nigeria faces N14.7bn daily loss as Dangote–PENGASSAN clash escalates

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A deepening dispute between PENGASSAN and Dangote Refinery over the dismissal of 800 workers threatens Nigeria with massive revenue losses and renewed fuel shortages as both sides trade accusations.

Nigeria risks a daily loss of about N14.7 billion and severe fuel shortages following the shutdown of Dangote Petroleum Refinery by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The union ordered members nationwide to withdraw services after more than 800 Nigerian workers were allegedly sacked for joining the association.

“Dangote Refinery has become notorious for enslaving Nigerian workers,” said PENGASSAN General Secretary Lumumba Okugbawa, alleging the company replaced Nigerians with 2,000 foreign employees.

Dangote described the strike as “criminal, reckless and an act of economic sabotage,” warning it could disrupt petrol, diesel and aviation fuel supplies. The Federal Government has summoned both parties to an emergency meeting and assured Nigerians of steady product supply.

Analysts warn the crisis could erase $110.8 million in daily oil-export revenue, worsen foreign-exchange shortages and push up inflation. The Trade Union Congress pledged solidarity with PENGASSAN, demanding reinstatement of the workers and a public apology from Dangote management.

READ MORE AT GUARDIAN

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