NLC Chides Aliko Dangote, Saraki Over Calls to Sell National Assets

The Nigerian Labour Congress (NLC) crit­ics and said it is unac­ceptable, the recent calls by Alhaji Aliko Dangote for the sale of the national share holdings in the LNLG and the suggestion by the Sen­ate President that the shares, along with other sovereign assets in the oil and aviation sectors, should be sold as a way of stemming the current economic recession.

NLC, through a statement signed by its President Com­rade Ayuba Wabba, while expressing disappointment with the views, said “Invest­ments in the LNLG and Joint Venture oil upstream opera­tions are profitable and rep­resent potential sources of revenue into the future.

“For example, it was the accrued dividend payments from LNLG shares that pro­vided the resources for the first bail-out to states when many states could not pay salaries under this present regime. It is on record that dividends, in excess of one billion dollars, have accrued annually to the national cof­fers from the gas company over the past twelve years.

No Comments
Leave a Comment: