NUPENG, PENGASSAN Tackle IMF Over Comments On Nigeria Economy — Leadership Newspaper


The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) have condemned the reported statement credited to International Monetary Fund (IMF) Media Chief for Africa on the state of Nigeria economy, saying its advice on recovery of the nation’s economy was ill motivated.

The unions who stated their displeasure in a jointly issued statement in Lagos and signed by the General Secretary, NUPENG, comrade Afolabi Olawale and General Secretary, PENGASSAN,  Comrade Okugbawa Lumumba said the statement  has created panic in the country with associated hoarding of petroleum products, panic buying , skyrocketed increases in prices of goods and services in the country.

They said IMF is clearly speaking from the two sides of its mouth, in the sense that in one breath, the Media Chief praises the significant progress the nation has made in terms of its Gross Domestic Product (GDP) that increased by 1.9…

Source: Leadership Newspaper