Scarcity
of petroleum products looms across the country as the Nigeria Union of
Petroleum and Natural Gas Workers threatens to embark on a nationwide
strike with effect from Wednesday when a 72-hour deadline issued to the
Federal Government expires.
The General Secretary of NUPENG, Mr.
Elijah Okougbo, said in a communiqué issued by the union in Abuja on
Sunday that the impending strike had to do with disagreement over loan
obtained by Jetty and Petroleum Tank Farm Owners Association of Nigeria
from some banks, to satisfy the demand for fuel importation.
It was learnt that NUPENG was demanding
the implementation of a section of an agreement reached with the Federal
Government to allow JEPTFON, a subsidiary association, to pay back the
loan in 15 years with three percent interest.
He said the Federal Government had ignored implementations of both demands contained in the agreement reached with the union.
The NUPENG general secretary said the
union was compelled to issue the ultimatum because the banks were
mounting serious pressure on JEPTFON to repay the loan in spite of the
agreement reached with the Federal Government.
PUNCH NEWSPAPER
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