LIS

Tuesday, 4 October 2016

Dangote denies plans to buy NLNG, other national assets

Africa's richest man, Aliko Dangote, says although he suggested the sale of some National assets as measures to get out of the current economic recession, he is not interested in buying any. Dangote in an interview with CNBC last month, suggested the sale of some National assets to revive the ailing economy.

His suggestion however received some level of backlash from many Nigerians as they felt he was planning to "buy up Nigeria". In an interview with ThisDay, Dangote said even if NLNG or any other national asset is offered to him on credit, he will not buy.
"Why did I suggest that we should sell some of the assets? I know the touchy one is the NLNG. I want to make it categorically clear that even if the government is selling NLNG on credit, I am not interested in buying. I don’t have any interest in NLNG and I will not buy it. It is not a business that I want to invest in. It is a mature business; that is what people don’t understand. You see, we should have invested heavily in all these Brass LNG, Olokola LNG, etc, when former President Olusegun Obasanjo started work on the projects, but we missed the opportunity. Today, you have massive LNG projects that have been done by Qatar, Australia and the United States is also exporting. But right now, all the gas that we have is even in the ground. Even Mozambique has a massive amount of gas and also Tanzania, and they are nearer to the markets than we are. So, if somebody is even going to invest in LNG, he would go to those areas and invest there and not here in Nigeria, because the investment here daunting. So my own suggestion is that even if we must sell, it doesn’t have to be 100 per cent of our interest in NLNG.” "People are just saying it is better to go and borrow, but I don’t know where they are coming from. You see, with borrowing, if I have issues with my business today, the bankers who would lend me the money would want to see me doing something first to see how the business can survive. There would be conditionalities. But if you are not shedding weight, how do you expect somebody to help you with funding? You have to start first by trying to shed weight and showing the person (lender) who wants to help you with the assets you want to sell”.

32 comments:

NaijaDeltaBabe said...

Time shall tell


...merited happiness

Peter Dumore said...




Watch and download Mechanic Resurrection on afrilix.com
Add us on Snapchat: afrilix

livingstone chibuike said...

Good for him

Uju Phil said...

You can go ahead and deny it for all i care,even a fool knows you were among the first bourgeoisies that showed interest in buying our assets,but you know what man,we refused to be bought!!! #Sic

Juliet Iwuno said...

Today na 'denial' day. Everybody just dey deny things. Linda take note!

Chizzy Liz said...

***************************u buy ****u no buy*******how dat one wan take aDd money to my acc ?????? Aboki biko shift

Chizzy Liz said...

***************************u buy ****u no buy*******how dat one wan take aDd money to my acc ?????? Aboki biko shift

anita gold said...

Really?

mallone sail said...

Story for the gods!!!

mallone sail said...

Story for the gods!!!

Ogenah Boris said...

Okay

Ajibola Gbenga said...

Hmmm....quite an insight, baba olowo has spoken. He no dey buy, na Arsenal e wan buy

Alloy Chikezie said...

Noted.

Your comment will be visible after approval.

Anonymous said...

Thief, i as much as i respect you very much. You have also been the biggest problem we have in this country.

PKE

Anonymous said...

Please who can help me with a laptop, I need it for my project work. Obylee7@gmail.com

BONARIO NNAGS said...

He is speaking from an informed perspective, he understands the situation quite well, but most Nigerians are emotional and are always quick to throw away the baby with the bath water. We have many national resources wasting away, why can't we give them to people that can make them useful again and great jobs for our people.


. ~BONARIO~says so via NOKIA LUMIA

OSINANL said...

WHATEVER!

Odibe Blessing said...

Better ooo!!!!

okechukwu nnoduechi said...

THEY SHOULD LEAVE THIS MAN TO STAY ON HIS OWN O!








AUNTY LINDA 👩

Eleojo Blessing said...

Noted

Anonymous said...

This criminal called Dangote is one of the people that ruined Nigeria. Only in Nigeria can a criminal like him be walking the corridors of power and not in jail. He's the bank for Nigerian looters.

ike manuel said...

Forget that thing. If given the chance this man (dangote) will buy the whole Nigeria

Na me talk am!

Long Live Lib!!!

ONYX linda ikeji first son GODWIN said...

Why would he suggest sales of national assests? Quite disappointing

Iphie Abraham said...

Hmmmmmmmmm,i just don't trust you n PMB











Lib addict#just passing#

christie benjamin said...

Hes more interested in buying Arsenal FC than NLGN....i guess.

Anonymous said...

ok
LWKM. Laugh at Nigeria's funniest pictures here

King Maker said...

We are watching

Anonymous said...

www.princechoice.com/the-cry-of-poor-families-in-africa/

Vivian Reginalds said...

pls don't, no gain in it
-D great anonymous now as Vivian Reginalds

Anonymous said...

Dangote should shut da f*** up! I will not buy any of his products. He is against the progress of this country. He doesn't pay tax. The government gives him Dollar at a low price for his stupid business. Dangote, your evil deeds will hunt you. All those that are making the masses to suffer, God will punish them and their generations unborn. It shall never be well with them.
He is know saying he's not interested to buy because the govt didn't heed his evil advice.

niyi adetoye said...

Okay.......

sholetoga said...

Thank God that you deny it. We're not selling NLNG, Mr man, whether mature business or not. We like it like that.....All of you can't confront cowBuhari for ruining our economy but can advise him to start selling the national assets, because you know that he will favor his fellow hausa fulani in buying them . mofos, want to prepare their war chest before 2019. God will punish all of you, one by one

Recent Posts