The Federal government has been advised
against selling off National assets such as
its shares in Nigerian Liquefied Natural Gas
ltd NLNG and other assets, as a way of
getting out of the current economic
recession.
Africa's richest man, Aliko Dangote, had in
an interview with CNBC last week, advised
the Federal government to sell off some of
its National assets as part of measures to
revive the economy.
In a statement released yesterday September
20th, acting Chairman of the Revenue
Mobilisation Allocation and Fiscal
Commission, Shettima Abba-Gana, said it will
be unwise for the government to sell off its
key investment just to address its short-term
financial crisis.
According to him, assets such as NLNG are
some of the main revenue generators of the
government.
"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”he said
According to Abba-Gana, the amount
expected to be generated from the sale of
some of the nations assets should could be
borrowed from the International Monetary
Fund.
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