https://www.sundaypost.com/news/uk-news/government-sell-off-of-public-assets-in-2015-the-biggest-in-uk-history/
Here is a full list of what the Government sold
off in 2015, together with the money raised:
Constructionline – £35 million
In January the Government sold the
Constructionline business to Capita. This
database contains details of more than 23,000
companies in the construction sector and
provides a verified list of suppliers who have
passed industry checks.
Greencoat UK Wind – £51.2 million
In February the Government sold its entire 50
million shareholding in this fund, which was set
up to encourage investment in UK wind farms.
Eurostar – £757.1 million
The Government sold its entire 40% stake in
Eurostar in March. The successful bidder was a
consortium comprising the Canadian pension
fund Caisse dedepot et placement du Quebec,
and Hermes Infrastructure.
MPs on the House of Commons Public
Accounts Committee recently criticised this sale
for being “significantly less” than the estimated
expenditure by taxpayers of £3 billion, and of
“further evidence” of assets being undervalued.
Royal Mail – £1.3 billion
The Government’s remaining 30% stake in Royal
Mail was sold off in two stages in 2015. The
first sell-off, in June, raised £750 million. A
further £591.1 million was raised in October.
Royal Bank of Scotland – £2.1 billion
A 5.4% stake in RBS was sold off in August.
This reduced the Government’s overall stake in
the bank from approximately 78.3% to 72.9%.
The sale proceeds of £2.1 billion were a third
below the price the Government originally paid,
representing a loss of around £1.07 billion.
Northern Rock mortgage assets – £13 billion
In November the Government sold these assets
to affiliates of Cerberus Capital Management LP.
The Government has now sold off more than
85% of Northern Rock, which it nationalised in
2008.
Lloyds – at least £9.1 billion
A total of 11.2 billion Government shares in
Lloyds were sold between December 17 2014
and December 3 2015. They were sold at an
average price of greater than 81p per share,
raising at least £9.1 billion. According to the
latest figures, the Treasury still owns
approximately 6.6 billion ordinary shares in
Lloyds.
a Treasury
spokesman said: “Central to our plan to fix the
public finances is the sale of Government assets
to help pay down the national debt and ensure
economic security for working people.
“That’s why we’ve set an ambitious target to sell
£5 billion worth of assets by 2020, which will
put us on track to meet our target.”

Are you trying to justify Buahri selling off National assets. Stop looking at the surface, look at critical in-depth.
Should FG sell Nationa assets, except many job/salary cut. We don't need that in this economy. Those advising Buhari won't feel the effects of the repercussions of letting go our National Assets.

We say No. This is not the change we were promised

Beijing is targeting the
public sale of shares in
SOEs in order to inject
some market discipline
into the companies’
governance, according to documents seen by
Bloomberg News. The plan includes steps to increase
the number of outside directors on boards, devise
appropriate executive salary levels and promote
consolidation. But the overriding focus is on
encouraging private capital to pile into SOEs, rather
than wholesale reforms to make them more
competitive first. As such, China may just be
engineering a huge corporatist land grab -- one that
harkens back to the days Russia sold off its own state
companies to a now-loathed class of oligarchs.
https://www.bloomberg.com/view/articles/2015-09-08/china-should-be-careful-about-selling-off-state-owned-companies

Nigeria is not UK

We are not selling our assets period

Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday. Interim President Michel Temer's government is working with a list of companies and sectors that would be the first targets of any move back toward sales of state- controlled holdings, the Rio de Janeiro daily O Globo said, citing anonymous members of Temer's economic team. That practice was pursued in the 1990s and early 2000s but largely scaled back by the leftist Workers Party during its 13 years in power under former president Luiz Inacio Lula da Silva and his successor, Dilma Rousseff. Rousseff was suspended as president last week after Brazil's Senate voted to try her on charges of budget irregularities. She was immediately replaced by Temer, a centrist from Brazil's largest political party. http://mobile.reuters.com/article/idUSL2N18C08K

In other words we should allow buhari sell our assets and use the proceeds in sponsoring his trips and that of his family

sarrki:
Nigeria is not UK

We are not selling our assets period

I was like you before I took it on myself to research and read about selling of public asset, am astonished countries like UK, China, Brazil are selling off major public asset.
I will like you to give us specific points why we should not sell government asset in Nigeria. I pray all Federal state hospitals are sold out in fact today.

TPAND:
Are you trying to justify Buahri selling off National assets. Stop looking at the surface, look at critical in-depth.
Should FG sell Nationa assets, except many job/salary cut. We don't need that in this economy. Those advising Buhari won't feel the effects of the repercussions of letting go our National Assets.

We say No. This is not the change we were promised

This government has made me to realised how bad and wicked some Nigerians are. Can you imagine digging up the above to justify the govt selling off our assets!

This government even talks about selling Nigeria stakes in highly performing and productive assets like NLNG and JV with IOCs. Where in this world does govt sell her performing asset like nlng? This is criminal. What type of country is this?

TPAND:
Are you trying to justify Buahri selling off National assets. Stop looking at the surface, look at critical in-depth.
Should FG sell Nationa assets, except many job/salary cut. We don't need that in this economy. Those advising Buhari won't feel the effects of the repercussions of letting go our National Assets.

We say No. This is not the change we were promised

I am not implying anything, I don't give a hoot about buhari, I care about a Working system. history has shown that privatization is the way forward in Nigeria. it seems you are not moved by what my friend omotoyosi Graigs the Nigerian guy that won an award in SA said. Sometn got to change. You go to NNPC all they do is chop and seminar, no innovation, manual accounting system.

I don't even kW y people are debating on selling national assets .....were are going to get d money to pay civil servant , pubic utilities etc if u sale all those things.....God y are they seriously bringing this issue up

id911:



This government has made me to realised how bad and wicked some Nigerians are. Can you imagine digging up the above to justify the govt selling off our assets!

This government even talks about selling Nigeria stakes in highly performing and productive assets like NLNG and JVs. This is criminal. What type of country is this?

Thank you for this contribution. My pain is those Plutocrats who gather themselves as economic intervention team and advisers, canvassing for sale of national assets, with the ulterior motive of coveting these assets for their own aggrandizement won't feel the pain the common man on the street would feel. National assets are symbols of our collective stake as a nation and as one people.

We kick against the sale of these assets, either moribund or underperforming. We say no to the sale of National assets. If government is irresponsible to fix the national assets and bring them up to speed, they should resign and vacate the seats for persons who will revive our national assets.

id911:



This government has made me to realised how bad and wicked some Nigerians are. Can you imagine digging up the above to justify the govt selling off our assets!

This government even talks about selling Nigeria stakes in highly performing and productive assets like NLNG and JVs. This is criminal. What type of country is this?

What makes NNLG highly performing, same NNLG that is full of inefficiency, flarring away gas. If NLNG was performing every house in nigeria by now should run on gas but what do we have a dormant company with loads of potential. so bro NLNG is not highly performing it only has high potential.

Sammiejokes:

I was like you before I took it on myself to research and read about selling of public asset, am astonished countries like UK, China, Brazil are selling off major public asset.
I will like you to give us specific points why we should not sell government asset in Nigeria. I pray all Federal state hospitals are sold out in fact today.

We are not matured yet

Take Nepa as a case study the people that bought Nepa

Are the same people that looted our common wealth

They have no idea on how to run it .

Govt is even planning how to take it back from them

NITEL, and many more like that

Sammiejokes:

I am not implying anything, I don't give a hoot about buhari, I care about a Working system. history has shown that privatization is the way forward in Nigeria. it seems you are not moved by what my friend omotoyosi Graigs the Nigerian guy that won an award in SA said. Sometn got to change. You go to NNPC all they do is chop and seminar, no innovation, manual accounting system.

Why is PETROBRAS & SAUDI ARAMCO working and their accounting system and innovation systems working and in place. It is called Accountability and building functional institutions

Our government is grossly Irresponsible. We can't put systems in place and build working institutions. Greed and misplaced priorities is killing our national system. We need to re-evaluate our principles and procedures and sees that it conforms with recognized codes of operations of the world, this my friend is the only way we can move forward. Not privatization of selling our national assets.

TPAND:


Thank you for this contribution. My pain is those Plutocrats who gather themselves as economic intervention team and advisers, canvassing for sale of national assets, with the ulterior motive of coveting these assets for their own aggrandizement won't feel the pain the common man on the street would feel. National assets are symbols of our collective stake as a nation and as one people.

We kick against the sale of these assets, either moribund or underperforming. We say no to the sale of National assets. If government is irresponsible to fix the national assets and bring them up to speed, they should resign and vacate the seats for persons who will revive our national assets.

My brother, i don't understand what is going on in this country any longer. I want to say this and anyone who knows any govt security agent(s) can report me, they can sell any assets be it perfoming assets or not, i (we) don't care but if they ever make the mistake of selling our stakes in NLNG and JVs with IOCs, those responsible will regret it in the future

all these talk na in support of government proposed sell of our national assets abi. Please sell Aso Rock and Military Hq join and by 2017 budget you will sell CBN and NPA

TPAND:


Why is PETROBRAS & SAUDI ARAMCO working and their accounting system and innovation systems working and in place. It is called Accountability and building functional institutions

Our government is grossly Irresponsible. We can't put systems in place and build working institutions. Greed and misplaced priorities is killing our national system. We need to re-evaluate our principles and procedures and sees that it conforms with recognized codes of operations of the world, this my friend is the only way we can move forward. Not privatization of selling our national assets.

what you just wrote is for optimist like you. Same thing has been said,written, lectured since the days of Nnamdiz,Awolowoz. I like to be a realist on this issue, Nigeria needs 100% privatization of its asset, sell off the four refineries, sell our stake in NLNG let the business people have full control. Nigerian government should be on business of setting policies, collect tax and secure lives and properties and provide social goods not selling gas, collect heavy annual mining fee on gas production,review tax policy on gas companies or better still enter JV on gas production and not 50% ownership of the company. Anything government control is dead or underperforming in this country.

id911:


My brother, i don't understand what is going on in this country any longer. I want to say this and anyone who knows any govt security agent(s) can report me, they can sell any assets be it perfoming assets or not, i (we) don't care but if they ever make the mistake of selling our stakes in NLNG and JVs with IOCs, those responsible will regret it in the future

Selling our stakes in NLNG, and NNPC JVs as synonymous to selling ones birthright. All our economic advisers are modern day Esaus. We just like this idea of money, money money in this country, we don't want to suffer to earn it, put systems in place that generate money.

Sammiejokes:

what you just wrote is for optimist like you. Same thing has been said,written, lectured since the days of Nnamdiz,Awolowoz. I like to be a realist on this issue, Nigeria needs 100% privatization of its asset, sell off the four refineries, sell our stake in NLNG let the business people have full control. Nigerian government should be on business of setting policies, collect tax and secure lives and properties and provide social goods not selling gas

In other words, you are saying government cannot run a functional and transparent business.
Sincerely, I take my stand on this, that Corruption is endemic in this country and has eaten deep into the bone marrow of every passport carrying citizen of this country.

Your post is quite shameful and thought proving. With this mindset, this country will head for a collapse in the nearest future

Sammiejokes:

What makes NNLG highly performing, same NNLG that is full of inefficiency, flarring away gas. If NLNG was performing every house in nigeria by now should run on gas but what do we have a dormant company with loads of potential. so bro NLNG is not highly performing it only has high potential.

From what you have written above, i fully undertand you know nothing about NLNG and in fact, you know nothing about the working and laws guiding the operation of Nigeria's Oil and Gas industry.

I won't say anything again...

Sammiejokes:

I was like you before I took it on myself to research and read about selling of public asset, am astonished countries like UK, China, Brazil are selling off major public asset.
I will like you to give us specific points why we should not sell government asset in Nigeria. I pray all Federal state hospitals are sold out in fact today.

Which kind of people am I living with in this country.. Ooooh God

Sammiejokes:

I was like you before I took it on myself to research and read about selling of public asset, am astonished countries like UK, China, Brazil are selling off major public asset.
I will like you to give us specific points why we should not sell government asset in Nigeria. I pray all Federal state hospitals are sold out in fact today.

You are using UK as example....don't you know UK also conduct referendum, has strong human right and not biased in anything?

evilapc:

You are using UK as example....don't you know UK also conduct referendum, has strong human right and not biased in anything?

Referendum was done on brexit not whether to sell asset or not.

id911:



From what you have written above, i fully undertand you know nothing about NLNG and in fact, you know nothing about the working and laws guiding the operation of Nigeria's Oil and Gas industry.

I won't say anything again...

I maintain my stand that nigeria must sell her 50% share in NLNG, sell the four obsolete refineries. No going back.

Soneh:
In other words we should allow buhari sell our assets and use the proceeds in sponsoring his trips and that of his family

[size=14pt] Kini big deal? OBJ and GEJ sold/concessioned NPA, NITEL, PHCN, Federal Government houses, Nigerian Airways, National Secretariat Lagos, Steel Mills, etc. [/size]