aventura:
Ignorance everywhere. What's the point of having a rolls royce and being broke. The problem people have with this dangote disposition is
1) a perspective problem
2) bad belle

Bad analogy, Rolls Royce won't generate money for you. It's more like having a rice plantation inherited from one's father while being broke. Question is will you sell off that rice plantation to settle your debt?

buchilino:


IN FACT U WILL FIND WATEVA UR LOOKING 4 B4 D END OF DIS WEEK. DIS HAS ALWAYS BEEN MY ARGUMENT ALONG. I ONLY WISH AT LEAST 51% OF NIGERIANS REASON LIKE U.

What if he is looking for trouble?

:oa

Dear Dangote,

You said the government should sell LNG and I wonder why you will make such statement.

My advice to you Dangote is : Sell all your assests( Dangote Group) and give the money to Nigeria as this will help Nigeria out of recession.

First of all I don't see the reason why government is involving herself in business, their responsibility is to create a level playing field, create the modalities of how business should be run in the state and collect their taxes. that said, what is the use of crown jewels when people are suffering, secondly the crown jewels is presently servicing mostly government officials in the form of salaries n running cost the people profit little.

Selling these assets will force our government to think on other revenue generation options, remember the reason most people don't start their business is cos a salary is still coming in the salary stops they are forced to think same goes for government.

Let the Chinese buy these assets and they will experience astronomical growth, if politicians want to buy it that's fine but the sale should be claused in such a way that the assets can be repossessed if the buyer fails to meet growth criteria.

Government of Developed countries don't own business assets they simply create an enabling environment for business to thrive and they collect their taxes, in Singapore their water works was once run by government but today it is quoted in the Singapore stock exchange, moral is an investor always makes things work cos his survival depends on it and any smart governments Moto should be the investors have to work cos our survival depends on them.

jusRadical:



What if he is looking for trouble?

WELL DATS UP 2 HIM/HER

aventura:
Ignorance everywhere. What's the point of having a rolls royce and being broke. The problem people have with this dangote disposition is
1) a perspective problem
2) bad belle

To me, both suggestions are welcome.

Its like a man who owns real estate and he needs to pay his loan.

Option 1

Sell your house and pay the loan amount.

Option 2

Spread the repayment and pay from RENT collected over 10 years.

I will take the second option..

DaudaAbu:



http://punchng.com/dont-sell-national-assets-rmafc-advises-fg/

The suggestion to sell is not in Nigeria's interest. Dangote wants to buy the NLNG hence the suggestion. This are revenue generating ventures for government so Mr. Dangote stay clear with your selfish ideas.

aventura:
Ignorance everywhere. What's the point of having a rolls royce and being broke. The problem people have with this dangote disposition is
1) a perspective problem
2) bad belle

Not really bros. Read the text again and compare it to what Dangote said. You will see this idea is quite better. I mean their all suggestions but if I am allowed to use your e.g to buttress a point. If one had that rolls royce and is able to borrow money from another person on the agreement that the loan will be repaid from the proceeds from that Rolls Royce. It shows that u will still have your Rolls Royce but won't be getting money from it till the agreed number of years has elapsed and the loan is paid.
I respect Dangote and many of his contemporaries but they are all businessmen and the time not to ever trust a businessman is during a deal. He may have good intentions for Nigerians but he remains a businessman. Am sure if FG asks them for such a deal to safe the economy they will only approve if it means a complete buy out of NLNG and not a loan to bail the country out.

majoh163:
Dangote wants to buy NLNG

You saw it

buchilino:

WELL DATS UP 2 HIM/HER

Hmmmm!!!!!
Na wa oooooo.
O di egwu.

aventura:
Ignorance everywhere. What's the point of having a rolls royce and being broke. The problem people have with this dangote disposition is
1) a perspective problem
2) bad belle

Your is (ignorance)×2 going by ur comparism.
The last time i checked nlng makes returns to d fg monthly/yearly basis,in billions.
What nlng needs is effective /transparent admin,not outright sales.

Seriously. ..NLNG shouldn't be sold, Dangote is a smooth criminal

seguntijan:
If we borrow $15b at 20% interest we will pay conveniently in 15yrs using NLNG profit as collateral. So why advise we sell. Selling NLNG is way too small! Sell him Nigeria and add the Atlantic to it! Make it legal and let all of us be in indentured servitude while we struggle for free passage into Dangote Republic where it is all deregulated free market capitalism or its first cousin - neoliberalism. That is better! Stupid!

u just made a valid point,our leaders do not think abt d future,only d present,if d likes of Dangote wants a share in d LNG largees,den dey sud build there own plants,and leave our national assets alone.

aventura:
Ignorance everywhere. What's the point of having a rolls royce and being broke. The problem people have with this dangote disposition is
1) a perspective problem
2) bad belle

But remember rolls Royce don't give you money...it's takes more of your money. So think out the box man

aventura:
Ignorance everywhere. What's the point of having a rolls royce and being broke. The problem people have with this dangote disposition is
1) a perspective problem
2) bad belle

Your analogy is flawed. A rolls royce generates no income; it is a liability.

A correct analogy will be like a taxi; the driver is indebted to the mechanic or the fuel supplier and decides to sell the taxi to pay off his debts. Where will his next meal come from?

Selling national assets as NLNG will not be a better option now, why can't the govt who claims to represent the people put aside pride and conduct a proper reconciliation in the Niger delta whether by dialogue,conference or name it but not just about sharing money
If there is peace in the Niger delta definitely Nigeria will grow.
I still believe that some people in the struggle will embrace Nigeria if there is proper and genuine restructuring and even among the Igbo's whether Ipob massob etc they will also embrace Nigeria.

the present govt and its system are not sincere and reliable until then there will be no peace.
they should stop the master slave mentality

aventura:
Ignorance everywhere. What's the point of having a rolls royce and being broke. The problem people have with this dangote disposition is
1) a perspective problem
2) bad belle

Try to analyze things deeply before our talk. You say what's the point of having a rolls Royce and being broke but careful analysis shows that it is not a rolls Royce cos rolls Royce doesn't bring revenue, rather you can compare it to mall that bring revenue every month. So why sell your mall cos of financial issue, poor decision instead use your mall to take a loan from the bank and the revenue from the mall can service the loan.
Because Dangote is the richest man in Africa doesn't mean we should take all what He says hook, line and sinker. No one knows it all
Funny enough he might give this statement to compel the govt to look that direction. HE'S now into oil and gas so he may be positioning Himself to buy NLNG. Who knows. Anyway I got mad love for Him and He's just being a business man

iamyet:
FG should sell part of our stake in NLNG via the capital market, this way we can raise fund, boost the capital market and also prevent the cabals from taking ownership of the shares we are selling. The main income from NLNG is in taxes and sale of shares won't affect that line of income.

We also need to liquidate some of the funds tied in JVs

You're wrong. The main income is from the 49% share of revenue that accrues to the FG.

Across the NLNG value chain, FG makes alot of money per year.

A sale of FG's stakes would be a very very big mistake.

This is a clear picture of what the current govt is showing Nigerians. Enormous Wealth could or can be easily achieve by inheritance, but without being business minded, experience in strategy planning, of good critical thinking that has do with experience team; if you like earn trillions or zillions it will have no economical impact. First of all the govt is surrounded by few who think politics can run equal lent when check mating economics impact and planning. The teams has nothing to offer, except few. Because if eventually the Fg still sell most of this national asset, who will be those to manage it? 2. What most people comments don't know, it's not how small a money is, it's how competent can you manage your plans to fit in your income. So what was done with the previous money in federal account, and the ones earn so far. Cos I can't see any achieved goals from the govt yet. Well God bless my Nigerians!

The government should sell off these assets as soon as possible. Presently, most of our national assets are badly managed and this has stiffled growth of these business concerns a deprived the country of the multiplier effect of associated employment opportunities for th teeming population.

Furthermore, year in year out, the country budgets and spends billions of naira on the overhead costs and maintenance of these assets albeit with no commensurate return on investment, further creating opportunity for politicians an civil servants running these enterprises to loot and corruptly enrich themselves.

When these assets are well run, government will earn good tax revenue!

drnoel:

Not really bros. Read the text again and compare it to what Dangote said. You will see this idea is quite better. I mean their all suggestions but if I am allowed to use your e.g to buttress a point. If one had that rolls royce and is able to borrow money from another person on the agreement that the loan will be repaid from the proceeds from that Rolls Royce. It shows that u will still have your Rolls Royce but won't be getting money from it till the agreed number of years has elapsed and the loan is paid.
I respect Dangote and many of his contemporaries but they are all businessmen and the time not to ever trust a businessman is during a deal. He may have good intentions for Nigerians but he remains a businessman. Am sure if FG asks them for such a deal to safe the economy they will only approve if it means a complete buy out of NLNG and not a loan to bail the country out.

for that guys analogy to even come close to making sense it has to mean the rolls royce is much of an assest..lets say it is used for rental purposes or as a taxi...

we need more LNG plants and dangote is telling us to sell the only functioning one..

I wonder how much those who work in Revenue Mobilisation Allocation and Fiscal Commission earn, because RMAFC is one of Nigeria's biggest problem. They are the one's paying politicians outrageous salary

Russia was advised to sell national assets when they were in recession under President Yeltsin which was then bought by corrupt oligarchs with looted State funds and finance from western banks.
When Putin came on board he set out to recover and forcefully bought back the national assets which did not go down well with western controlled institutions like IMF, today that country has bounced back to reckoning with the State controlling its key national assets and making even despite the sanctions from western govts over annexation of Crimea.
Nigeria should not make the same mistake that Russia made at some point, we should learn from others mistakes.

@all

This same RMAFC are the one paying these politicians outrageous allowance. We should be cautious now as our comments might send signals that may further derail the government from making an effective decision for overall good.

The RMAFC should keep quite and find a way of reviewing the salaries of the politicians drastically.

Allwility:
That's a good call. I can't say for certain if Dangote's remark was made with the nation's best interest at heart.





Meanwhile, as for Aliko................

Yes we will track him down, find him and use him for blood money. He is kuku a very rich man

Selling LNG shouldn't even be a matter to discuss. Why sell performing assets when there are thousands of nonperforming assets lying waste everywhere, both within & outside the shores of this country. Lots of govt properties dilapidating here & there. 11 presidential jets. Senators, state governors and other government officials taking home insane amount monthly & spending exorbitantly on irrelevant things. Imagine past governors still receiving salaries/allowances to d tune of billions. Well, in my opinion, restructuring is the only way forward not selling assets

Izonpikin:
for that guys analogy to even come close to making sense it has to mean the rolls royce is much of an assest..lets say it is used for rental purposes or as a taxi...

we need more LNG plants and dangote is telling us to sell the only functioning one..

What u said is very true in all counts but then the sad reality of the situation is what we as a country now see ourselves in.

gabicon:
First of all I don't see the reason why government is involving herself in business, their responsibility is to create a level playing field, create the modalities of how business should be run in the state and collect their taxes. that said, what is the use of crown jewels when people are suffering, secondly the crown jewels is presently servicing mostly government officials in the form of salaries n running cost the people profit little.

Selling these assets will force our government to think on other revenue generation options, remember the reason most people don't start their business is cos a salary is still coming in the salary stops they are forced to think same goes for government.

Let the Chinese buy these assets and they will experience astronomical growth, if politicians want to buy it that's fine but the sale should be claused in such a way that the assets can be repossessed if the buyer fails to meet growth criteria.

Government of Developed countries don't own business assets they simply create an enabling environment for business to thrive and they collect their taxes, in Singapore their water works was once run by government but today it is quoted in the Singapore stock exchange, moral is an investor always makes things work cos his survival depends on it and any smart governments Moto should be the investors have to work cos our survival depends on them.

How do you now explain Ethiopian airline which is 100% Govt owned and ranks as one of the best airlines in the world travelling to all continents.

Stupid brain

aventura:
it doesn't have to be Dangote. Either Dangote or someone like Dangote. Bottom line is that those assets need to be sold.

Goke7:


How do you now explain Ethiopian airline which is 100% Govt owned and ranks as one of the best airlines in the world travelling to all continents.

How do you explain Singapore Airlines, KLM, air France, British airways all better than Ethiopian airlines all quoted on their respective stock exchange? Margaret Thatcher had to privatise British airways in 1981 to return it to profitability.

If we want to be better than the best we need to start using yardstick that surpasses the best all countries stated have better economies than Ethiopia, we need to start looking at countries that transcended from poverty to prosperity in the last 50 years as model for our growth, countries like Singapore, south Korea, Japan etc