Nigerian labor unions failed to reach a deal with the government on a nationwide strike over soaring fuel prices, sparking concerns of a potential oil production shutdown Sunday in Africa's largest crude producer.
Last week, a major oil union threatened to halt production Sunday in solidarity with protesters if the two sides don't reach an agreement.
It's unclear whether the union, the Petroleum and Natural Gas Senior Staff Association of Nigeria, will go ahead with the threat.
A decision to halt production would have an effect on the global market; Nigeria is the world's eighth-largest crude exporter.
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Long live these protestors! These corporations need to stop lining their pockets off the sweat of these poor SEVERELY underpaid people! They are drastically underpaid and overworked!
I think we need to ditch the oil and get serious on doing without oil. Not wait till the wealthy decide on what they can make money on next. Not privately owned oil barons own but resources that are sustainable and can pay off our debts as a nation.
Government only agreement we need is to remove fuel subsidy.N.L.C one voice for our right.
i'd hate to see a union in nigeria... they are probally the laziest of all..
@ RUFFNUTT, have you EVER been there?? They are treated no better and possibly worse than slaves! And they could probably outwork you or most anyone in the US!
As the worlds 8th largest crude exporter they SHOULD at the least have running water in every home! Oh thats right most dont HAVE homes!
What happens to Nigeria is that,our leaders believe working in the World Bank will give them an International way of looting the National Treasury. When crude oil finishes where is being mined,the President and his fellow syndicates will go to South Africa where they build their refineries. Nemesis awaits them all.