Onyebuchi Ezigbo in Abuja
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday reiterated that the reason it was protesting against President Bola Tinubu’s Executive Order on the direct remittance of oil and gas revenue to the Federation accounts was that it would have an immeasurable impact on the industry’s investments and the welfare of workers of the Nigeria National Petroleum Company Limited (NNPC).
It said the Executive Order was a negation of the spirit and intent of the Petroleum Industry Act (PIA), which is currently in operation, arguing that it was capable of scaring away potential international investors.
