PENGASSAN Gives Tinubu Major Conditions Over Executive Order

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has given President Bola Tinubu conditions over the recent Executive Order, EO9, for remittance of oil and gas revenue to the Federation Account.

Speaking during an interview on Arise Television on Friday, the president of PENGASSAN, Festus Osifo, asked Tinubu to take back the Executive Order, set up a team, look at the PIA and identify where there are pros and cons.

LeadNaija News  reports that Tinubu signed an Executive Order, EO, to safeguard and enhance oil and gas revenues for the Federation.

The Executive Order also aims at curbing wasteful spending, eliminate duplicative structures in the critical sector of the national economy, and redirect resources for the benefit of the Nigerian people.

Meanwhile, PENGASSAN had called for continued stakeholder engagement following the Executive Order restructuring oil and gas revenue remittances.

Speaking during the interview, Osifo said, “You can review the law of the land. There’s no law that is perfect.

“We have heard in the last one year that the president was about to send an Executive Bill to the National Assembly to amend the PIA.

“That should be the direction. You don’t put the car before the horse. What the president should do is that take back the Executive Order, set up a team, look at the PIA, where there are pros and cons.

“And since you could amend the PIA, you take to the National Assembly and all the stakeholders will come there and make their inputs. That is how laws are refined. That is exactly what we want the president to do.

“The 2% that will be deducted from the NNPC by the President’s Executive Order is what the NNPC uses to say salaries.

“We all know that when revenue dries up in an organization, the first casualty is the workforce. The workers in NNPC today are an endangered species.”