Nigerian oil unions oppose government's plan to sell 30%-35% of oil stakes, warning it threatens energy security, jobs, and national control.

Nigerian oil unions NUPENG and PENGASSAN oppose the government’s plan to sell 30%–35% of its stakes in joint venture oil assets, warning it could weaken the Nigerian National Petroleum Company Limited, threaten energy security, and jeopardize long-term economic stability. They argue the move, aimed at raising quick revenue, undermines national control over vital resources, risks job losses, and could harm the naira, especially given the Petroleum Industry Act’s recent enactment. Unions urge focus on boosting oil production to 3 million barrels per day instead of divestment and reject proposed PIA amendments that would shift NNPC oversight from the Ministry of Petroleum to the Ministry of Finance, calling it a threat to national sovereignty and investor confidence.