• About Us
  • Contact Us
  • Privacy & Policy
Thursday, March 26, 2026
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

PENGASSAN Sounds Alarm over Indian Takeover in Oil and Gas Industry

Vincent Amadi by Vincent Amadi
August 24, 2024
in Economy
Reading Time: 2 mins read
A A
0
PENGASSAN Sounds Alarm over Indian Takeover in Oil and Gas Industry
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


The Petroleum and Natural Gas Senior Officials Association of Nigeria (PENGASSAN) has condemned the massive influx of Indians into the country’s oil and gas industry.
PENGASSAN’s President Festus Osifo said Indians are blatantly abusing the foreign quota system, with Indians filling menial jobs in the sector.
Osifo expressed the concern on Friday at the closing of the three-day Third Energy and Jobs Summit in Abuja.
The theme of the summit is “The Future of Nigeria’s Oil and Gas Industry: Energy Mix, Energy Security, Artificial Intelligence, Divestment, and Crude Oil Theft”.
Osifo said the growing dominance of foreigners, especially Indians, in the sector is alarming. “They are taking over low-level jobs, which is a blatant abuse of the expatriate quota system


“In Sterling Oil today, it will amaze you to discover that we have more Indians working there compared to the number of Nigerians.
“In fact, up to vulcanizers, you have Indians carrying out such low jobs and functions in all their plants as operators and some are even gatekeeping operators,” he said.
Osifo said the union had approached the Nigerian Content Development and Monitoring Board (NCDMB) to resolve the issue but to no avail.
According to him, today Nigerians are looking for jobs and our graduates are also looking for jobs.
“But we keep granting expatriate quota to these Indian companies and they have abused it, ” he said.
He alleged that companies had manipulated the system by registering numerous shell companies to facilitate the influx of expatriates.
He said they had registered more than 200 companies to do this.


“When they are bringing in 10 Indians, they will use one company. Tomorrow, when they are bringing in another 20, they will use another company.
“So, if you check, you will discover that over 100 or 200 companies registered spread these Indians across board,” Osifo said.
He said PENGASSAN has been in extensive discussions with stakeholders for the past two years to resolve the issue but without results.
“What is left for us might probably be a confrontation. We are fully prepared because we cannot be slaves in Nigeria.
“Nigeria’s oil resources belong to Nigerians and it should benefit them first and foremost. It doesn’t belong to Sterling or any other,” he said.
He called on the Federal Government to act swiftly and protect the rights and opportunities of Nigerian workers.
Osifo said the number of Indians employed at the Indorama facility in Port Harcourt outnumbers Nigerians.
He said wages are being paid in US dollars while Nigerian workers are struggling with the effects of the currency devaluation.
Osifo said “This situation is unacceptable and it must be addressed now,”
He called on the relevant authorities to take firm action against companies that misuse the foreign quota system to the detriment of Nigerian workers.

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Naira ends week on positive note against dollar
Economy

Naira makes significant appreciation against US dollar

1 week ago
Nigeria’s Economy Not Well Equipped for Subsidy Removal – Economist Warns Against Monopoly
Economy

FG suspends petrol import licences twice in two months

2 weeks ago
Oil price: There’ll grave consequences – Saudi Arabia warns
Economy

Oil price: There’ll grave consequences – Saudi Arabia warns

2 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Why Dangote refinery increased fuel price by N396 per litre within a week – Bird

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

2027 ELECTIONS: FG behind our party crisis —PDP alleges
National

We align with Lamido, Wike – Jigawa PDP

1 hour ago
APC convention: Read guidelines before paying any money – Morka
National

APC convention: Read guidelines before paying any money – Morka

1 hour ago
New Electoral Act reduced penalty for vote buying, certificate forgery – IPAC
National

New Electoral Act reduced penalty for vote buying, certificate forgery – IPAC

2 hours ago
2027: New applications for political parties’ registration now at 144 — INEC
National

Osun 2026: INEC urges stakeholders to safeguard credible elections

2 hours ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election
National

Tinubu pushed Sahel states out of ECOWAS – ADC

2 hours ago
I’ll support Tinubu if he eliminates religious, ethnic prerogatives in Nigeria – Sam Amadi
National

Nigeria will experience worse democracy in 2027 – Sam Amadi

1 day ago

POLITICS

2027 ELECTIONS: FG behind our party crisis —PDP alleges

We align with Lamido, Wike – Jigawa PDP

1 hour ago
APC convention: Read guidelines before paying any money – Morka

APC convention: Read guidelines before paying any money – Morka

1 hour ago
New Electoral Act reduced penalty for vote buying, certificate forgery – IPAC

New Electoral Act reduced penalty for vote buying, certificate forgery – IPAC

2 hours ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election

Tinubu pushed Sahel states out of ECOWAS – ADC

2 hours ago
Osun APC supports FG over seizure of LG allocations

National Convention: APC denied us nomination forms after we met requirements – Fubara

1 day ago
ADC Chieftain Accuses Kano Governor Yusuf of ₦6.5bn Corruption Scandal

2027 elections: Resign now if you want to contest – Kano govt tells officials

1 day ago

YOUR ECONOMY

Naira ends week on positive note against dollar
Economy

Naira makes significant appreciation against US dollar

1 week ago
Nigeria’s Economy Not Well Equipped for Subsidy Removal – Economist Warns Against Monopoly
Economy

FG suspends petrol import licences twice in two months

2 weeks ago
Oil price: There’ll grave consequences – Saudi Arabia warns
Economy

Oil price: There’ll grave consequences – Saudi Arabia warns

2 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Why Dangote refinery increased fuel price by N396 per litre within a week – Bird

2 weeks ago
Naira gains against US dollar significantly
Economy

Naira hits highest single-day depreciation against US dollar

3 weeks ago
Naira gains against US dollar significantly
Economy

Naira records straight three days depreciation against US dollar

4 weeks ago

E & P

Mikel Arteta
Sports

Carabao Cup final: Arteta’s Arsenal loses 2-0 to Man City

by Steven Atogi
3 days ago
0

Former Liverpool midfielder, Jamie Redknapp, has criticised Arsenal manager Mikel Arteta over his decision to start Kepa Arrizabalaga ahead of...

EPL: Super Eagles star Aina wins first POTM award

EPL: Super Eagles star Aina wins first POTM award

1 week ago
LaLiga: Adams excited after ending goal drought at Sevilla

LaLiga: Adams excited after ending goal drought at Sevilla

2 weeks ago
LaLiga: Ighalo confident Lookman will excel under Simeone at Atletico Madrid

LaLiga: Ighalo confident Lookman will excel under Simeone at Atletico Madrid

1 month ago
It’s the toughest season of my career, says Pep Guardiola of Man City

EPL: Three managers shortlisted to replace Guardiola at Man City

2 months ago
Transfer: Ademola Lookman lands in Madrid ahead of medicals

Transfer: Ademola Lookman lands in Madrid ahead of medicals

2 months ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
6 months ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
6 months ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
7 months ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
7 months ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
7 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

2027 ELECTIONS: FG behind our party crisis —PDP alleges

We align with Lamido, Wike – Jigawa PDP

March 26, 2026
APC convention: Read guidelines before paying any money – Morka

APC convention: Read guidelines before paying any money – Morka

March 26, 2026
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address