The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Festus Osifo, has urged the federal government to sell only a 51 per cent stake in NNPC refineries.
Osifo made the call during an interview on Sunday Politics, a programme on Channels Television.
“Why we don’t want the government to sell the refinery 100 per cent to the private sector is because of the issue bordering on energy security. What we have advocated is what I said earlier. Government should sell a 51 per cent stake in NNPC refineries, and that is the direction in which the current management of NNPC is working towards.
“Yes, there are investors who will surely be willing to buy a stake in the refinery because our population in Nigeria is quite huge. Those refineries, when well-maintained without political pressures and interferences, are going to work,” he said.
