According to him, any attempt to privatize them would not only weaken the naira and deepen fiscal deficits but also jeopardize the livelihoods of thousands of oil workers. > “Quick cash today means a crippled oil sector tomorrow. “Globally, national oil companies are supervised by petroleum ministries—not finance ministries. Tinkering with the PIA so soon sends the wrong signal and weakens confidence in Nigeria’s oil sector,” he stressed. > “Other oil-producing nations are strengthening their national oil companies.