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Nairaland Forum / Nairaland / General / Politics / FG May Sell $100bn Assets To Shore Up Foreign Reserves (14524 Views)
Nigerian Airforce Deploys Air Assets To Support Operation Python Dance II.Photos / Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End / Recession: 10 National Assets FG May Sell- Premium Times (2) (3) (4)
FG May Sell $100bn Assets To Shore Up Foreign Reserves by Adesiji77: 8:18am On Feb 03, 2016 |
Following the continued depletion of Nigeria’s external reserves as a result of dwindling crude oil prices and huge demand for the green back, experts in the nation’s financial sectors have stated that the federal government may sell its assets to foreign investors to shore up reserves. http://www.thisdaylive.com/articles/fg-may-sell-100bn-assets-to-shore-up-foreign-reserves/230912/ |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by StuntingBlack(m): 9:25am On Feb 03, 2016 |
[b] Can someone please tell me the usefullness of our NNPC if I may ask? So far, observations till date only shows the NNPC as nothing but just a sack of disgrace of a federal institution that keeps failing to make any tangible impact in the life of the average Nigerian. Why then should selling this disgrace called NNPC be a problem for us? I'll rather NNPC be privatized than my life. At the very least, I stand to gain indirectly from a Chinese acquisition than from one incompetent government institution lacking integrity. And though I may have voted Buhari with my thumbs, its quite foolhardy to keep pinning blames on the past administration (even though its a fact) rather than concentrate on resolving the current economic situation. Its already established Jonadunce is the incompetent and corrupt buffoon responsible for the current mess. But why keep blabbering over and over on the same thing instead of fixing issues? Save words for later and address reality, oh ye APC friends!!! [/b] 16 Likes 3 Shares |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by chriskosherbal(m): 9:28am On Feb 03, 2016 |
Let us see it translating into economic grow th and development. It |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Nobody: 9:33am On Feb 03, 2016 |
Amazing 1 Like
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Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Flexherbal(m): 9:36am On Feb 03, 2016 |
Hope they are not looking for money to share. 11 Likes 1 Share |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by MansaMoussa: 9:59am On Feb 03, 2016 |
Why are we making it sound like rocket science to run govt institutions..is the solution to corruption outright privatisation ? Russia's biggest Oil company is State-owned and they've been doing excellent work with Siberian Oil and Gas, and negotiating good deals for the motherland.. Why our matter different? Probe the place and shoot the corrupt, bring in fresh blood and watch it grow. 10 Likes 2 Shares |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by odogwu125: 10:09am On Feb 03, 2016 |
MansaMoussa:Incompetence and mediocrity are institutionalized and legalized in nigeria in d name of quota system and state of origin., unlike Russia 48 Likes 4 Shares |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by MansaMoussa: 10:14am On Feb 03, 2016 |
odogwu125:Gbam! 10 Likes 1 Share |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by yhemsy62(m): 10:22am On Feb 03, 2016 |
odogwu125:You just talk the sense out of the matter 8 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by dustydee: 11:10am On Feb 03, 2016 |
StuntingBlack:This time it's not APC apportioning blame but an independent analyst. I agree that we should move forward and stop trading blame. There is a lot wrong with the NNPC and if this government can fix that, that will be some achievement. 4 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Jesusloveyou: 11:17am On Feb 03, 2016 |
StuntingBlack:can u listen to urself,why blaming pmb, did u want him to sell d oil for $100 ? Or to steal d little left by d clueless corrupt ineffitual baboon 9 Likes 2 Shares |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Nobody: 11:36am On Feb 03, 2016 |
Keneking:Where's your gorilla to back up your comment? 1 Like 1 Share |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by StuntingBlack(m): 11:42am On Feb 03, 2016 |
DP. Lalasticlala, watcha say about this thread? |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by chubhiee: 11:42am On Feb 03, 2016 |
The rate at which Buhari is gulping our foreign reserves, I pray there's some few nickels left in 2019. 11 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by StuntingBlack(m): 11:42am On Feb 03, 2016 |
MansaMoussa: Has state ownership been a solution to corruption in our country then? And yes, i agree running govt institutions isnt rocket science, but doesn't it look so currently? Russia ain't Nigeria, ma man.!! I urge bro, better the worthless NNPC be privatized than your precious life. 1 Like |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Nightshift(m): 11:47am On Feb 03, 2016 |
From a neutral view point, looking at the historical earnings from Nigerian crude oil export during the boom five year period, the former ruling party unashamedly operated a massive Ponzi scheme unrivalled in the history of pilfering with public fund. There are absolutely nothing to show where the monies were invested. Not on new refineries, brand new airports or dozens of new autobahns. Even with a good turnaround in the future, the country might well sink into a new economic challenges as long as Nigerians see every Chinese fart as perfume. While growing up in this country in the 80's, we had tire manufacturers in Port Harcourt and Lagos. Flash and Berec batteries were produced in Nigeria, like many other brands that have since left our shores. 4 Likes 3 Shares |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by RichFoundation(m): 11:47am On Feb 03, 2016 |
Prodigal government.. keep on selling. 2 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by continentalceo(m): 11:47am On Feb 03, 2016 |
Can this government stop Playing blames games and focus on the reality of the current state of the Economy. All I see everyday is the Past Government did this and that. Here are the reasons why I know that this government might turn out to be a scam. Nigeria has all it takes to solve all its economic problems and still generate revenue for the government alongside. How can they do this? 1.ROADS-If the government can go into partnership with private investors like its done in the west, by mounting toll gates on every major road and charge drivers one naira Per crossing of any tollgate to every car apart from public transport. The government then takes 20kobo and the company takes 80kobo. The company will maintain the roads and the Govenment will still generate revenue from doing nothing and Nigerians are happy to pay because the roads smooth, lightened and kept safe by the Company. Everyone wins. 2. Ban all imported items that are produced locally and encourage the Local items with available and easily accessible loan. 3. Revoke all the Oil Products Marketer's licence and replace them with giving out licence to build refineries no matter how little their capacity. 4. Power- Give free land and Minimal tax to every company that want to invest in power. Every state should have at least 5 diffrent sources of Power to encourages competition. Bring in chinese companies to come and Produce cheap solar Panel and Inverters here in Nigeria. 5. Rail- Partner with the Chinese on rail projects in Nigeria and only accept the latest rail technologies. 6. Give out Cash Awards to the best graduating student of every department in every government School in Nigeria. 7. Encourage Local Miners to get foreign Partners and Get free Minning Licence. 8. Give Nafdac Registration Number for free to any producer after Testing his/her Product and you are sure its safe for public consumption instead let them Pay taxes every year to Nafdac . If the government can do all these then in 5years Nigeria will be the China of Africa. We will start by exporting to other African Economies and everything will fall into place Naturally. But if this government that I so hoped will bring change can not Put aside Party afflictions, blame games, sentiments, incessant Foreign trips,Political jargon etc and start Making tough policies then we are all screwed. 10 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Solodembe: 11:48am On Feb 03, 2016 |
Once person broke e dey sell all him properties nau 2 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Samitah: 11:48am On Feb 03, 2016 |
See what uncle Jonathan has cause 3 Likes 1 Share |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by ShakurM(m): 11:48am On Feb 03, 2016 |
OLX get ready 1 Like |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by henrydadon(m): 11:49am On Feb 03, 2016 |
buhari buhari buhari!!!..we hath thou done to thee country 1 Like |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by henrydadon(m): 11:49am On Feb 03, 2016 |
buhari buhari buhari!!!..we hath thou done to thy country 1 Like |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Nobody: 11:49am On Feb 03, 2016 |
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Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by RichFoundation(m): 11:50am On Feb 03, 2016 |
RichFoundation: |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by pasol4real(m): 11:50am On Feb 03, 2016 |
StuntingBlack:Your last line said it all YOU ARE A ZOMBIEEEEE FOR LIFE 3 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by MrAboki: 11:50am On Feb 03, 2016 |
Sai baba |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Adminisher: 11:51am On Feb 03, 2016 |
StuntingBlack: My brother , you don't even know how CORRECT you are posting this. Personally if I were president , all NNPC divisions including operating companies would be the first place I would throw people out of work. I know Indian engineers that will do their jobs for half their salaries. Corrupt, unprofessional, un strategic, plan less and infused with the cluelessness and corruption of the Dieziani/Jonathan years I believe they should all go home. The FG can further sell another 20% of their shares in the JVs to earn about $40bn. They should plow this money directly into petrochemicals, fertiliser plants and refineries. With just 35% of shares in JVs, the burden of running the upstream oil industry will go down and weven will get more serious about developing other areas as the earnings also come down. I believe oil prices will come up in 2018 but definitely not above $60 a barrell. This is the reality that we have to live with that the days of $100 + oil is gone first ever 1 Like |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by seunmsg(m): 11:51am On Feb 03, 2016 |
odogwu125: PDP government from 1999 to 2015 ruined NNPC with their massive corruption. Quota system or state of origin is not the problem. Corrupt Nigerians from all states in the country are the problem. Quota system is not responsible for how GEJ turned NNPC into his ATM of corruption. Just on sunday, the entire country was shocked that Fayose collected $37million from NNPC in 2014 to fund his election. Is that the fault of quota system? The issues of the unremitted $20billion under GEJ is still unresolved and you are blaming quota system. We should address issues with sincerity instead of attempting to pass blame based on bigotry. 8 Likes 2 Shares |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Firefire(m): 11:51am On Feb 03, 2016 |
Yes oooooooo Sell the dam aircrafts... 2 Likes |
Re: FG May Sell $100bn Assets To Shore Up Foreign Reserves by Endtimesmith(m): 11:54am On Feb 03, 2016 |
Wonderful is a verb! |
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