Differences over proposed sale of NLNG, parastatals

ABUJA, (CAJ News) – THE Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has opposed the sale of the Nigerian Liquefied Natural Gas (NLNG) and other national assets as reportedly proposed by prominent businessman, Aliko Dangote.

He was quoted as making the recommendation during an interview with an international television station.

On Tuesday at the resumption of the Senate, the House’s President, Bukola Saraki, also proposed the “part sale” of NLNG Holdings among measures to boost investor confidence.

RMAFC has differed.

“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,” stated RMAFC Acting Chairman, Shettima Umar Abba Gana.

In a veiled reference to Dangote, RMAFC recommended that “wealthy Nigerians” should be encouraged to set up their own LNG projects.

NLNG was incorporated as a limited liability company in 1989, to produce oil and gas for export.

Government is the majority shareholder through the Nigerian National Petroleum Corporation.

– CAJ News

Short URL: http://cajnewsafrica.com/?p=15414

Posted by on Sep 20 2016. Filed under Africa & World, Energy, Finance, National, News, Oil & Gas, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.