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Friday, 23 September 2016

ECONOMY UPDATE: Buhari in the Eye of Dwindling Economy & Sale of National Assets

In a desperate move to revive the nation from economic recession, Federal Government of Nigeria plans to sell its major assets. Those calling for the sale of national assets are: Aliko Dangote, Africa richest man;
Godwin Emefiele, CBN governor; Senator Udo Udoma, Minister of Budget and Planning; Bukola Saraki , Senate President, among other notable Nigerians.

Also, The National Economic Council, which comprises Vice-President Yemi Osinbajo and 36 state governors, is backing the plans for the sale of some national assets.

The proposed Assets to be sold are:  Government shares in Nigeria Liquefied Natural Gas (NLNG), Some aircraft in the presidential fleet, Kaduna refinery, Warri refinery, Port Harcourt refinery, National Stadium & Theatre. About $15 billion dollars is expected to be generated if the Assets are sold.

Some Nigerians are of the opinion that the assets should be sold to State governments or foreign investors but not to Individuals like Aliko Dangote as they sense the businessman plans to be very rich at the expense of poor Nigeria with his numerous investments and monopolistic attitude.


1. Do you support the Sale of National Assets?
2. Which of the National Assets would you describe as Moribound?
3. Are their other ways Nigeria can generate income without  selling National Assets?


Edited by: Endy Edeson
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Amina Saraki

they should cut their wages

Adeleke Olugbenga Solomon

The privatization during the era of Obasanjo, what was the end result, galloping corruption!
sales of national assets, NO!
NO salary for political office holders for one year, YES!

Endy Edeson

@Adeleke: that would have been cool because the politicians have other businesses that will sustain them if they are not paid

Muyiwa Kusimo

When a government lacks the requisite knowledge
to salvaged an economy doldrums,hence blame
game will be a weapon to utilise as
but disaster this government not
limited to its ministers has brought to this
country.What we need now is a high power
responsive government adequately equipped with
result oriented concept to reviving the red print to
the much needed blueprint

Endy Edeson

@muyiwa: the painful thing about this dispensation is that the rulers are not affected by the recession while the ruled are not finding things easy. I pray Nigeria bounce ASAP

DjLapel Shizu

If dangonte send someone to buy it, will they know?

Edwin Scott

selling the properties back to them selfes' just like obasanjo did and sold Nepa and bought it,Lord help us in this country.


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