Suspend strike fg begs pengassan

It seems like you're referring to a recent development in the Nigerian oil and gas industry. Here's a breakdown of the situation:

Background: The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) had been on strike since March 2022, demanding better working conditions, improved welfare, and increased investment in the industry.

Recent development: On April 14, 2022, the Federal Government of Nigeria (FG) appealed to PENGASSAN to suspend its strike, citing the negative impact it was having on the economy and the country's oil production.

Reasons for the appeal: The FG argued that the strike was causing significant losses to the country, with estimates suggesting that Nigeria was losing around $1.5 billion daily due to the strike. The government also expressed concerns about the potential impact on the country's foreign exchange reserves and the overall economy.

PENGASSAN's response: In response to the FG's appeal, PENGASSAN has agreed to suspend its strike, pending the outcome of negotiations with the government. The union has given the government a 14-day ultimatum to address its demands, failing which it may resume the strike.

Implications: The suspension of the strike is likely to have a positive impact on the economy, as it will help to restore oil production and reduce the losses incurred during the strike. However, the outcome of the negotiations between PENGASSAN and the FG will be crucial in determining whether the strike will be called off permanently or resumed in the future.