Oil
workers on Sunday declared that they would resist any attempt by the Federal
Government to sell some of its stake in the Nigerian National Petroleum
Corporation. The Federal Ministry of Petroleum Resources released a draft
policy document on the reform of the oil sector late on Thursday in which it
proposed the sale of some of its stake in the national oil firm. Reuters
reported on Friday that the country had been mulling the sale of oil assets to
raise foreign exchange as a slump in vital oil revenues was eroding the budget.
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