How Nigerian government plans to sell national asset – Official

The Nigerian government plans to sell
only some percentage of its
shareholding in selected asset, and will
not sell entire national property, a top
presidency source has told PREMIUM
TIMES.
The government also intends to retains
the right to buy back the shares in
future, the source said.
The source asked not to be named
because of the sensitivity of the issue.
The comments came as more Nigerians
kick against the government’s plan to
sell asset as a way of lifting the
economy out of recession.
Aliko Dangote, and Senate President,
Bukola Saraki, were amongst the first
to call for the sale of national asset in
the face of economic crisis. Mr.
Dangote called for the sale of NLNG
plant.
The Nigeria Labour Congress (NLC)
described those calling for the sale as
“economic vampires government must
beware of”.
The Petroleum and Natural Gas Senior
Staff Association of Nigeria
(PENGASSAN) and the Trade Union
Congress (TUC) said the proposal was
“a self-destructive move”.
Prominent Nigerians, including former
governor of Central Bank of Nigeria
(CBN), Chukwuma Soludo, have also
voiced criticisms against the proposal.