220 Views

Nigeria Oil Workers Strike Brings Nation To A Screeching Halt

Total blackout (below 1,600 Megawatts), Fuel Stations Shut causing Long fuel lines, unavailable public transportation and untold hardship are being experienced in Nigeria as Nigerian trade unions have shut down the offices of the country’s state-run oil company in protest at plans to reorganize the company. The Nigerian petroleum minister, Emmanuel Ibe Kachikwu, announced on Thursday that the Nigerian National Petroleum Corporation (NNPC) would be “unbundled” into 30 “profit-making companies.” Despite cutting monthly losses from around 30 billion naira ($151 million) in August 2015, the NNPC’s deficit still stood at three billion naira ($15 million) in January. The NNPC announced late that the reorganization had been approved and that the corporation had been divided into seven autonomous units.

Petroleum Minister, Emmanuel Ibe Kachikwu

Petroleum Minister, Emmanuel Ibe Kachikwu

The restructuring was opposed by two of the main trade unions in Nigeria’s oil and gas sector, who issued a notice to their members to mobilize for a strike on Wednesday, according to a Nigerian News source. The strike raises the spectre of further oil shortages in Nigeria, which has already been hit by limited oil production due to attacks on pipelines.

ALSO READ  Do You Have Any Of These 10 Personality Traits? If Yes, You Are A Psychopath In The Making

The NNPC closed two of its four refineries—in the southern city of Port Harcourt and Kaduna in central Nigeria—in January after militants sabotaged pipelines, causing supply problems and costing the country $2.4 million per day, according to Nigerian power minister Babatunde Fashola. The Port Harcourt refinery was reopened over the weekend but the Kaduna refinery and another facility at Warri in southwestern Nigeria remain closed.

ggty

NNPC claims it had been importing the equivalent of 45 million liters of refined fuel per day in order to plug the gap, but this has not stopped huge queues amassing at petrol stations as Nigerians struggle to get gas.

source: Trendy Africa

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Posts

4 Non-Executives Appointed By Buhari For Central Bank Of Nigeria
Politics
52 views
Politics
52 views

4 Non-Executives Appointed By Buhari For Central Bank Of Nigeria

PH - June 22, 2018

On Friday, the appointments of four non-executive directors approved by President Muhammadu Buhari were for the Central Bank of Nigeria. The Permanent Secretary (General Services Office), Office of…

Oyo Female Gov. Aspirant, Bolanle Aliyu, Seeks Alaafin’s Blessing For 2019 Election
Politics
51 views
Politics
51 views

Oyo Female Gov. Aspirant, Bolanle Aliyu, Seeks Alaafin’s Blessing For 2019 Election

PH - June 22, 2018

Oyo State gets female aspirant running for governorship in 2019 as she seeks the Alaafin's blessing for her intention. The Oyo State female governorship aspirant, Bolanle Aliyu,…

Dayo Amusa Shows Discontent On Disrespect From Newbies In The Industry
Entertainment
53 views
Entertainment
53 views

Dayo Amusa Shows Discontent On Disrespect From Newbies In The Industry

PH - June 22, 2018

Nollywood actress Dayo Amusa has shown her discontent with where the movie industry is heading The actress took to her Instagram page to address the way newbies…

Mikel Obi Assured, Says Nigeria Will Push Through Even With The Poor Start
Sports
60 views
Sports
60 views

Mikel Obi Assured, Says Nigeria Will Push Through Even With The Poor Start

PH - June 22, 2018

Team captain John Obi Mikel assures Nigeria will reach the knockout phase of the World Cup despite their unimpressive start. Even after being defeated in the last match,…

Kwara State Government Grants N125m To Tertiary Institution After Going On Strike
Education
56 views
Education
56 views

Kwara State Government Grants N125m To Tertiary Institution After Going On Strike

PH - June 22, 2018

Mr. Abdullahi Alkinla, the State Commissioner for Tertiary Education, disclosed in a statement released on Thursday in Ilorin that the Kwara state government has released a sum of…

Agricultural Export Rises 24% In 3 Months
Agriculture and Farming
49 views
Agriculture and Farming
49 views

Agricultural Export Rises 24% In 3 Months

PH - June 22, 2018

Nigeria has seen its 2018 first quarter agricultural export risen by 24 percent as the country explore opportunities to earn substantial dollars through the non-oil export. The…

See Reasons Why Ministers Say Buhari Deserves To Be Re-elected
Politics
53 views
Politics
53 views

See Reasons Why Ministers Say Buhari Deserves To Be Re-elected

PH - June 22, 2018

On Thursday in Abuja, some of the cabinet ministers gathered to say, "President Muhammadu Buhari deserves to be re-elected to build on the development foundation he laid…

Free Deworming Drugs Distributed To Inmates In Nasarawa
Food and Health
72 views
Food and Health
72 views

Free Deworming Drugs Distributed To Inmates In Nasarawa

PH - June 22, 2018

Deworming drugs were offered for free to 567 inmates and 40 officers of Keffi Medium Prisons in order to improve their health by the Association of Community Pharmacists…

Nigerian Army Offers N5m Reward for Information on Bomb-Making Factories
Politics
65 views
Politics
65 views

Nigerian Army Offers N5m Reward for Information on Bomb-Making Factories

MT - June 22, 2018

  The army is making extra efforts to track down the terrorist group after its recent attacks. The Nigerian Army has offered a reward of N5 million…

Nigeria Receives Fund Of $6.5 million To Fight Corruption
Politics
70 views
Politics
70 views

Nigeria Receives Fund Of $6.5 million To Fight Corruption

PH - June 22, 2018

MacArthur announces $6.5m funding to advance anti-corruption efforts in Nigeria Seyi Gesinde Business News, Top News On Thursday, the John D. and Catherine T. MacArthur Foundation, announced $6.5…

Simple Tips that Helps Avoid Unecessary Spending
Business
72 views
Business
72 views

Simple Tips that Helps Avoid Unecessary Spending

MT - June 22, 2018

  The tendency to buy a product or service without planning in advance is known as impulse buying. It plays with your mind and a want becomes…

Interesting Facts About Hausa Tribe
Art, History and Culture
104 views
Art, History and Culture
104 views

Interesting Facts About Hausa Tribe

MT - June 21, 2018

Deep social changes have taken place among the Hausa tribe. Today's Hausa man is not just a peasant who constantly cultivates his field year after year, or…

4 Early Warning Signs of Osteoporosis – Do you have the “silent disease”?
Food and Health
91 views
Food and Health
91 views

4 Early Warning Signs of Osteoporosis – Do you have the “silent disease”?

MT - June 21, 2018

It’s often referred to as “the silent disease” for its ability to creep up on people over the course of several years. And yet, despite the fact…

2018 World Cup; Meet the Player Who Isn’t Allowed to Drink Same Water as Teammates
Sports
102 views
Sports
102 views

2018 World Cup; Meet the Player Who Isn’t Allowed to Drink Same Water as Teammates

MT - June 21, 2018

exico World Cup star Rafael Marquez isn’t allowed to drink the same water as his team-mates or even win the Budweiser Man of the Match award. That…

Nollywood Actress, Nkechi Blessing Sunday, Acquires A New Car
Entertainment
84 views
Entertainment
84 views

Nollywood Actress, Nkechi Blessing Sunday, Acquires A New Car

PH - June 21, 2018

The Nollywood actress Nkechi Blessing Sunday just acquired a new new Toyota Venza SUV, said to be worth N5.5 million. She recently proclaimed the purchase of her new car while…

Niger Government Approves N25m for Cholera Surveillance
Food and Health
82 views
Food and Health
82 views

Niger Government Approves N25m for Cholera Surveillance

MT - June 21, 2018

In order to continue with the ongoing surveillance on the outbreak of cholera and related diseases, the Niger Government has approved N25m for its Ministry of Health.…

Why Nigerians Are Not Allowed To Buy Smartphones On Contract
Best of Nigeria
82 views
Best of Nigeria
82 views

Why Nigerians Are Not Allowed To Buy Smartphones On Contract

MT - June 21, 2018

Smartphones are some of the items that appeal to the young generation more than anything else. Nowadays smartphone makers seem to be releasing new phones so often with…

Know More About Your Favourite Stars Chris Attoh and Damilola Adegbite
Entertainment
87 views
Entertainment
87 views

Know More About Your Favourite Stars Chris Attoh and Damilola Adegbite

PH - June 21, 2018

The marriage between Chris Attoh and Damilola Adegbite used to be a very beautiful one, but suddeenly things changed and no one knew what really happened between these…

Loading...