NUPENG suspends strike, Jeptson to open jetties and depots

THE National of Petroleum and Natural Gas Workers
(NUPENG) has suspended the on-going industrial
action while the Jetties and Petroleum Tank Farm
Owners Association (JEPTFON) has also agreed to
open the jetties and depots owned by its members.
The s agreed to suspend the strike, following a
crucial meeting between the Federal Ministry of
Labour and Productivity; Federal Ministry of Finance;
Nigerian National Petroleum Corporation (NNPC);
Petroleum Products Pricing Regulatory Agency
(PPPRA); Jetties and Petroleum Tank Farm Owners
Association (JEPTFON) and the National of Petroleum
and Natural Gas Workers (NUPENG) at the Federal
Ministry of Labour and Productivity on Saturday.
The National of Petroleum and Natural Gas Workers
has embarked on a strike over the payment of 2012
Petroleum Subsidy Arrears, state of the nation's
refineries, the labour issues concerning the Shell
Petroleum Development Company of Nigeria
(SPDCN), bad roads in the country, restructuring of
loans of JEPTFON members
After extensive deliberations at the meeting and
based on this understanding, NUPENG agreed to
suspend the industrial action while JEPTFON also
agreed to open the jetties and depots owned by its
members
After noting the concerns expressed by the NUPENG
and JEPTFON, the Federal Government affirmed that
the payment of Petroleum Subsidy for 2012 has
commenced, while it stated that the issuance of
Sovereign Debt Notes (SDN) for verified and
processed batches will be concluded within two (2)
weeks.