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.