1. Labour’s Stance on Refinery Sale: Organised Labour has rejected the outright sale of public refineries to the private sector after visiting the Port Harcourt Refinery.
2. NLNG Model Endorsed: Labour leaders have endorsed the Nigerian Liquefied Natural Gas (NLNG) model, where the private sector has a 51% stake and the government retains 49%.
3. Refurbishment Success: The Port Harcourt Refinery’s refurbishment has been successful, with over 90% of equipment replaced.

After visiting the Port Harcourt Refinery, Organised Labour has emphasized its rejection of outright sale of public refineries to the private sector. Instead, Labour will only sanction a sale where the private sector has a majority stake, while the government, workers, and host communities have minority stakes.

According to Prince Williams Akporeha, President of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the NLNG model has been effective, with all stakeholders satisfied. This model allows for private sector control while ensuring government and community involvement.

Labour’s stance is rooted in concerns about past privatization experiences, where public assets were sold at scrap value or used for political patronage. The successful refurbishment of the Port Harcourt Refinery, with over 90% of equipment replaced, further reinforces Labour’s position.