We’ll resist sale of national assets – NLC | Nigeria News Today. Your online Nigerian Newspaper f


The Nigeria Labour Congress has called on Nigerians to resist the planned sale of the nation’s shareholdings in the Nigeria Liquified Natural Gas and other national assets.

The President of the NLC, Mr. Ayuba Wabba, said in a statement on Thursday that Nigerians must resist the surreptitious moves by some businessmen and the political class to acquire the remaining national assets which he said should be preserved in the interest of future generations.

He said the NLC was prepared to join forces with other progressive movements in the country to resist the current moves to plunder the nation’s assets.

He said it was in the interest of generations of Nigerians for the existing investments to be developed by investing in profitable areas.

Wabba said the NLC was totally opposed to the recent calls by Africa’s richest man, Alhaji Aliko Dangote, and the Senate President, Bukola Saraki, for the sale of national assets to get the country out of recession.

He said, “The recent call by Alhaji Aliko Dangote for the sale of the national share holdings in the NLNG 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 are unacceptable to us at the Nigeria Labour Congress.

“Investments in the LNLG and joint venture oil upstream operations are profitable and represent potential sources of revenue into the future.

“Inter-generational considerations require that we build on these existing investments by identifying other profitable endeavours to invest in. What we need is to leverage on the stream of potential earnings from these investments in seeking to turn around the economy.

“We, therefore, call on Nigerians to resist these new schemings by those waiting and wishing to lap up these lucrative national assets. We need to preserve these assets for our children and future generations.

“On our part, we are ready, in partnership with other progressive and nationalist forces in our country, to resist the further attempt to plunder our common patrimony.

Post a Comment Default Disqus

  1. Shut your mouth up. toothless NLC. Rubbish NLC. Are you even existing? Nonsence

  2. What do you understand about economic recession? You have idle and consuming assets that you can sell and get out of the recession and you are refusing , you didn't proffer any other solution then you must be a fool. Only fools will follow you and of course you will fail

  3. The amount from selling the assets will barely make a dent at d price they will sell it to their cohorts.How did d sale of nepa go ? Did it tackle the challenges of epileptic power supply rampant in d country ? The buyers raised the costs and added dubious tariffs for services they promised,but have yet to fulfil.Selling the assets will make d poor suffer,and at the mercy of this people.Look at how Dangote sets d price of cements whenever he feels like it.Just know once dangote or any other greedy bastards buys this assets,just use the analogy of phcn sale,and realise that it is d prototype of what you will experience once they sell those assets.The economists meant well with d suggestion to sell,but not in a corrupt society like ours.Be wise my people and remember I said this.They are also trying to sell them at give away price,and to people with questionable character and with dubious source of income that might be tied to corrupt past government officials


Nigeria News Comments are Moderated. Clean Comments will be swiftly approved. No swear words, no racism, allowed.