• I’m not interested in buying NLNG, other national assets even on credit, says Dangote

    I’m not interested in buying NLNG, other national assets even on credit, says Dangote

    Following the outcry that has trailed the advocacy for the sale of the country’s national assets as a quick measure to fund the 2016 budget and boost the country’s foreign exchange reserves, the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, has dismissed insinuations that his advocacy for the sale of the assets was self-serving, saying he was not interested in any of the assets.

    Dangote, who spoke in an interview, stressed that if the Nigeria Liquefied Natural Gas Company or […]

  • Recession: Fayose, Aregbesola disagree on sale of national assets

    Recession: Fayose, Aregbesola disagree on sale of national assets

    According to reports, the Governors of Ekiti and Osun States, Ayodele Fayose and Ogbeni Rauf Aregbesola, have disagreed on the controversial issue of selling the nation’s national assets to finance the 2016 budget and salvage Nigeria.

    The governors expressed the divergent views during the weekend during the 20th anniversary of Ekiti State, where Governor Aregbesola delivered a keynote address bordering on the current Nigeria economic challenges.

    A group of stakeholders of Ekiti State people comprising state civil servants, traditional chiefs and rulers, […]

  • Problem!! NLC To Protest Nationwide Due To Assets Sale By President Buhari

    Problem!! NLC To Protest Nationwide Due To Assets Sale By President Buhari

    The Nigeria Labour Congress has said it will mobilise Nigerians for nationwide protests to resist the plan by the Federal Government to sell strategic assets under the guise of using the funds to be generated to get the country out of recession.

    The President of the NLC, Mr. Ayuba Wabba, said the consequences of the proposed sale of the strategic assets would be more grievous if Nigerians did not stop the government from carrying out the policy.

    He made the comment on […]

  • Sale of national assets would worsen our problems in Nigeria – Rights group warns Buhari

    Sale of national assets would worsen our problems in Nigeria – Rights group warns Buhari

    The Centre for Human Rights and Social Justice has warned the Federal Government led by President Muhhamadu Buhari not to put the nation’s assets for sale.

    The Chairman of CHRSJ, Mr. Sulaiman Adeniyi, in a statement issued in Osogbo on Monday, said selling the national assets would end up worsening the current economic problem facing Nigeria.

    Adeniyi was reacting to the calls by some Nigerians, like Africa’s acclaimed richest man, Aliko Dangote, President of the Senate, Bukola Saraki that the government should […]

  • Here Are Three National Assets Buhari Must Not Sell

    Here Are Three National Assets Buhari Must Not Sell

    According to RMAFC, as the debate on whether or not President Muhammadu Buhari should sell off some national assets continue, there are three he shouldn’t contemplate.

    See Details below:

    NLNG

    According to Revenue Mobilization Allocation and Fiscal Commission (RMAFC), the sale of NLNG is not the best option:

    “It is the considered view of the Commission that Nigeria’s assets like NLNG and other strategic national resources should not be sold to meet short-term financial obligation.”

    NLNG is one of Nigeria’s biggest oil companies, employing a […]

  • Recession: NLC, TUC vow to resist sale of national assets

    Recession: NLC, TUC vow to resist sale of national assets

    Nigeria’s labour movement has kicked against the planned sales of the share holdings in the Nigerian Liquefied Natural Gas (NLNG) and other national assets by the Federal Government as part of measures to exit from the current economic recession.

    The two key labour unions, Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) yesterday vowed to resist any attempt by the Federal Government to sell the national assets.

    The Labour expressed reservations over the calls by business mogul, Alhaji Aliko Dangote, […]

  • Recession: Senate recommends sale of national assets

    Recession: Senate recommends sale of national assets

    According to reports, the President of the Senate, Bukola Saraki, has recommended the sale of some national assets and the utilisation of proceeds for infrastructure development.

    This, he said, was necessary for the nation to fight it’s way out of the current recession.

    Saraki said this in his welcome address to Senators at the resumption of plenary on Tuesday.

    He said, “The Executive must raise capital from asset sales and other sources to shore up foreign reserves. This will calm investors, discourage currency […]

  • We’ll develop national assets to preserve our farm produce – Buhari

    We’ll develop national assets to preserve our farm produce – Buhari

    President Muhammadu Buhari has said his government would work towards the development of national assets to preserve many farm produce.

    To this end, he decried the culture of waste which had been foisted on the country due to lack of means of preservation of agricultural products.

    The President spoke while receiving the Global Chief Executive Officer of Friesland Campina, The Netherlands, Mr Roelf Joosten, at State House, Abuja, yesterday.

    Also on the delegation of the Global CEO was the Managing Director of Friesland […]