Home » News » Sell off NLNG, invest proceed and Nigeria will be out of recession, Dangote tells Buhari.
Business magnate,Aliko Dangote.

Sell off NLNG, invest proceed and Nigeria will be out of recession, Dangote tells Buhari.

It is being suggested that as part of ways to come out of the current economic recession, the federal government should sell-off its shares in the Nigerian Liquefied Natural Gas, NLNG.

The call was first mooted by businessman billionaire ALIKO DANGOTE who said at the weekend that if the government sells off, it would come out of recession before December.

According to DANGOTE, whatever the government earns from the sale should be pumped into the economy to stimulate growth.

Also, the CBN Governor, GODWIN EMEFIELE at a meeting in Lagos re-echoed DANGOTE’s call saying it is an idea he had proposed in the past.

However, reacting to these calls, two members of the House of Representatives, UZOMA NKEM ABONTA and ABDULRAZAK NAMDAS warned that selling-off national assets was a risk.

According to ABONTA who is a lawmaker from Abia state while it might not be a bad idea because government had no business in the sector, transparency should be the watchword.

 

On his part, the Spokesman of the House of Representatives, ABDULRAZAK NAMDAS said the National Assembly would oversight any such sale of national assets.

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