The Group Executive Committees (GECs) of the two labour unions in the Nigerian National Petroleum Corporation (NNPC) have suspended their industrial action against the federal government’s recent announcement of its restructuring of the state oil company.
Both the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) had after a marathon meeting with the Minister of State for Petroleum Resources and Group Managing Director of the NNPC, Dr. Ibe Kachikwu, decided on the suspension.
It was gathered that the meeting which lasted several hours ended this morning at 4:30am, saw the parties agreeing to a broader engagement in the restructuring exercise.
According to the source, a resolution which would later be announced by the parties was reached and signed after extensive deliberations.
On Wednesday the unions kicked against the government’s plan to restructure NNPC, saying they were not carried along in the process. Consequently they asked their members across the country to down tools and embark on a strike pending when a favourable resolution would be reached with the government.