According to Osifo, the planned sale of government stakes in JV assets would mortgage Nigeria’s future and cripple its oil industry. “The oil assets belong to the federation, not just the Federal Government, but to all Nigerians and any move to sell them amounts to mortgaging Nigeria’s future. On the proposed amendment to the PIA, Akporeha described it as premature and damaging to investor confidence in Nigeria’s oil sector. According to him, the amendments being considered are targeted at weakening NNPC Ltd., Nigeria’s only national oil company. “Every oil-producing country today has a national oil company that plays a huge role in protecting national interests.