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    MarketForces Africa » MarketForces News » Why Nigeria Refineries are Failing – PENGASSAN
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    Why Nigeria Refineries are Failing – PENGASSAN

    Olu AnisereBy Olu AnisereAugust 22, 2025No Comments3 Mins Read
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    Why Nigeria Refineries are Failing – PENGASSAN
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    Why Nigeria Refineries are Failing – PENGASSAN

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has identified the reasons why the Nigeria’s state-owned refineries are failing.

    The association said that the refineries are not failing because Nigerians lack the skills, but as a result of political interference which denied workers the tools, resources, and enabling environment to deliver effectively.

    Mr Festus Osifo, the association’s President who stated this on Friday at the ongoing 4th PENGASSAN and Labour Summit (PEALS 2025), also identified widespread corruption and mismanagement as reasons for the failure of the refineries.

    The three days summit holding in Abuja is themed, “Building a Resilient Oil and Gas Sector in Nigeria: Advancing HSE, ESG, Investment and Incremental Production.

    Osifo said Nigeria’s energy future require more than skilled manpower and there is the urgent need for tools, policy stability, and supportive reforms to drive growth in the energy sector.

    According to him, during the COVID-19 pandemic, Nigerian workers successfully operated offshore platforms after expatriates departed.

    He said the development had proven that the country possessed skilled manpower capable of sustaining global-standard energy production without disruption.

    According to Osifo,  policy inconsistencies and political interference undermine investor confidence and cripple the nation’s oil and gas sector. He also expressed concerns over frequent changes to petroleum laws, warning they discourage vital investments.

    He added that predictability in fiscal regimes is key to attracting petrodollar into Nigeria’s economy and long-term infrastructure development.

    “We must have an industry that investors can predict in five or ten years. Constantly changing policies will only chase away investors and delay sectoral growth,” he said On training, Osifo urged both indigenous and international operators to prioritise worker capacity building.

    He said it would ensure that Nigerians remain globally competitive and prepared for the changing demands of the energy and labour markets.

    In a goodwill message the Secretary General of the Trade Union Congress (TUC), Mr Nuhu Toro, commended PENGASSAN’s foresight, describing the summit as a model platform for strategic dialogue in the energy sector.

    “This summit, is a testament to the foresight and strategic thinking required to navigate industry dynamics and their implications for organised labour,” he said. Toro urged other unions under the TUC to emulate PENGASSAN’s initiative.

    He said that modern engagement, dialogue, and innovation remain vital tools for advancing workers’ welfare and strengthening collective bargaining power. #Why Nigeria Refineries are Failing – PENGASSAN#

    NIGCOMSAT Targets N8bn Revenue Through Broadband Expansion

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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