Aliko-Dangote

Sale Of NLNG: RMAFC Disagrees With Dangote

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The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disagreed with business mogul, Aliko Dangote over a statement he made on a proposed sale of Nigerian Liquefied Natural Gas (NLNG) and other Federation Assets during an interview with a cable Television, the CNBC Africa.

Dangote proposed the sale as a way of augmenting the current revenue shortfall as a result of economic recession.

RMAFC in a press statement  made available to LEADERSHIP and signed by the Commission’s Acting Chairman, Shettima Umar Abba Gana said it would be unwise for the federal government to dispose of its crown jewels that generate revenue and keep the Federation Account healthy over the long term.

The Commission also disagreed with the advice given by the CBN Governor, Mr Godwin Emefiele, that Government stands to realize the sum of $10bn from the sale of these Assets.

They are rather of the opinion that the same amount could be borrowed from the IMF and use the revenue from these same Assets to repay the loans over 10 to 20 years after which the federation would still retain the assets and continue to enjoy their regular annual dividend payments.

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