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FG Moves To Securitise NLNG Dividends For $7bn Cash - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Moves To Securitise NLNG Dividends For $7bn Cash (10945 Views)

FG Moves To End DSTV's Monopoly, Says Multichoice Is Cheating Nigerians / Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure / Ekiti Election: 'FG Moves N18bn Cash Through Akure Airport' - Lere Olayinka (2) (3) (4)

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Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Vision101(m): 1:35pm On Oct 27, 2023
@garriAndsugar

Moves to, will, soon propaganda words we have been hearing since just like that the ghost foreign investors.

Instead of talk why not work let's see the difference.


@me
Think positive. In economics news is very important. Whether positive or negative. You what to hear the negative and blow it up. Meanwhile its effect affects you.
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 1:39pm On Oct 27, 2023
undecided

If not for the responses of some other posters on here, I was wondering whether the meaning of the term 'securitization' had suddenly changed overnight.

Very poor propaganda job by the OP.
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by JOemmy(m): 1:41pm On Oct 27, 2023
Buhari mortgaged nigeria's crude oil which makes nigeria to currently earn almost nothing from oil sales today due debt servicing now tinibu have come to also mortgage nigeia's gas reserves apc have really come to finish nigeria.

1 Like 1 Share

Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:43pm On Oct 27, 2023
FreeStuffsNG:
We have the best of the best brains among us leading this nation right now. Awa la ni eto se!! Gbabesky!

With unprecedented ingenious creativity, post-paid NLNG dividends of $7 billion just got unlocked like that!! Just like that!! Now you see how our brains built Lagos and the South West.

Nigeria is in the best hands and brains. We no go school go sell guguru and epa. We went to school hard and hard we studied whenever we remember that our education is being funded from owo oni iru and owo alata petty trading of our parents and forebears. We read in school as if all our lives depends on book. Nigeria is today reaping that knowledge we toiled to acquire with the sacrifices our parents made. God bless our parents and forebears.

Expect more unleashing of our ingenuity and patriotism. The bar will be raised so high that never again will someone with mediocre third class certificate of a trader step forward to become President and submit GCE o level certificate to INEC as his highest qualification then go out to hire liars, cyberbullies, tribal/religious bigots and criminal defamers to attempt to use to bully us.Never again!

Invest in Lagos and neighbouring Yoruba South West Nigeria states to get the greatest return on investment and best investor friendly experience today.
God bless Nigeria for ever! Check my signature for free stuffs!
All this shalaye on loan
You're just shaming your so-called education
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:45pm On Oct 27, 2023
mrvitalis:
First good step this administration has taken

Please don't use that money to pay salary or build infrastructure ooh


Use this money as credit facility for producers in import substitute and export oriented industry
For where? The money is to be used to clear the forwards backlog incurred by Bubu.
The funny thing is it is another backlog being created in future
Like digging one hole to fill another and one zombie has gone into an epileptic fit
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by zionstaar75: 1:46pm On Oct 27, 2023
[quote author=webm post=126643647]Daft men celebrating.

In simple terms, they want to borrow money with future dividends that NLNG would make. [/quotestop]stop being ignorant, Fg is the largest shareholder in NLNG,its not a loan. Dividends are profit on your share in a company
Please how is that a loan. The ignorance on nairaland is now at all time high o7
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 1:46pm On Oct 27, 2023
FreeStuffsNG:
With unprecedented ingenious creativity, post-paid NLNG dividends of $7 billion just got unlocked like that!! Just like that!!

^^^
undecided

What does this even mean? If your dividends exist there is no need for qualification - they are cash. What the hell does 'post paid' mean?

FreeStuffsNG:
Nigeria is in the best hands and brains.

^^^
No it isn't. Your write up is proof that it isn't.
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Ramirezkhay(m): 1:46pm On Oct 27, 2023
cheesy

Laughing JAGABANsTICALLY

grin
[quote author=Zooposki post=126643476][/quote]
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:47pm On Oct 27, 2023
treesun:


Do you know what it means!
He obviously does not neither does he care!!
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by zionstaar75: 1:48pm On Oct 27, 2023
Kukutente23:

All this shalaye on loan
You're just shaming your so-called education
u go school at all?how is dividends loan?it means you've never had shares in any company in your life, pathetic
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:50pm On Oct 27, 2023
JOemmy:
Buhari mortgaged nigeria's crude oil which makes nigeria to currently earn almost nothing from oil sales today due debt servicing now tinibu have come to also mortgage nigeia's gas reserves apc have really come to finish nigeria.
My brother I tire
Yet one zombie is making a public show of his ignorance

1 Like

Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:51pm On Oct 27, 2023
zionstaar75:
u go school at all?how is dividends loan?it means you've never had shares in any company in your life, pathetic
Oya explain how it's not a loan since you go school well well
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:02pm On Oct 27, 2023
FreeStuffsNG:
It will happen but you will not benefit from it and you will not be blessed by it because of your negative hate-filled mindset

^^^
This isn't a psychology class. Leave all that mumbo jumbo about positivity for the motivational speakers.

In your original post you presented a desperate, last gasp economic policy measure by this administration to be far more than it really is. If you had any integrity you would go back and edit it to reflect the truth: this administration is borrowing against future earnings.

If only most people really knew what all this means...
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:06pm On Oct 27, 2023
Honlucas:
Some people will actually prefer Nigeria to collapse and tinubu to fail so that they can come back four years later to say "we told you so" that's the highest form of illiteracy

^^^
Irrelevant.

Say something about the actual policy measure that is the subject of this write up.

Go on. We are waiting...
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kingray10: 2:10pm On Oct 27, 2023
zionstaar75:
what you're wishing for your country is the way your life will be. You can't prosper in a land you wish evil for. Karma
You when don sell ur future during election, they come tell me rubbish
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by mikeapollo: 2:15pm On Oct 27, 2023
FreeStuffsNG:
We have the best of the best brains among us leading this nation right now. Awa la ni eto se!! Gbabesky!

With unprecedented ingenious creativity, post-paid NLNG dividends of $7 billion just got unlocked like that!! Just like that!! Now you see how our brains built Lagos and the South West.

Nigeria is in the best hands and brains. We no go school go sell guguru and epa. We went to school hard and hard we studied whenever we remember that our education is being funded from owo oni iru and owo alata petty trading of our parents and forebears. We read in school as if all our lives depends on book. Nigeria is today reaping that knowledge we toiled to acquire with the sacrifices our parents made. God bless our parents and forebears.

Expect more unleashing of our ingenuity and patriotism. The bar will be raised so high that never again will someone with mediocre third class certificate of a trader step forward to become President and submit GCE o level certificate to INEC as his highest qualification then go out to hire liars, cyberbullies, tribal/religious bigots and criminal defamers to attempt to use to bully us.Never again!

Invest in Lagos and neighbouring Yoruba South West Nigeria states to get the greatest return on investment and best investor friendly experience today.
God bless Nigeria for ever! Check my signature for free stuffs!

Very useless post!
You are not Yoruba more than any other Yoruba person, so stop being myopic.
This Tinubu government has not performed any credible feat. What his governent has done so far is to increase the suffering and poverty of the people.
They have spent all and run out of money. Now, they are securitizing future receivables from dividends in order to collect more loans. Pathetic
Stop praising and worshiping mediocrity!

2 Likes 1 Share

Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:17pm On Oct 27, 2023
zionstaar75:
what you're wishing for your country is the way your life will be. You can't prosper in a land you wish evil for. Karma

^^^
Ok.

But you haven't weighed in on the policy itself. What do you have to say about this planned securitization of
future dividends from the NLNG project Good ? Bad? Neutral?
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:21pm On Oct 27, 2023
BreconHills:
Subsidy is not being paid 100%. Its a short term intervention not a policy.

^^^

Is there a time frame for this 'intervention'? 6 months? 12 months?

Or will the intervention eventually become policy?
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:27pm On Oct 27, 2023
ElSudani:


You are still hurting. The Jagaban is in charge, even Obi will eventually come to realize that some people are better at managing resources.

^^^
Ok.

But what is your take on this planned securitization of future LNG dividends? Do you approve? If you do, what are your reasons?
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:30pm On Oct 27, 2023
sevenseas:
NLNG is the last of the cash cow, now revenue from it is off the table, who knows what other conditions will be the contract.

It is going to get very very very bad. You should japa now while you can.

^^^
Ominous words.

The handwriting is on the wall.

2 Likes

Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by ElSudani: 2:33pm On Oct 27, 2023
Fujiyama:


^^^
Ok.

But what is your take on this planned securitization of future LNG dividends? Do you approve? If you do, what are your reasons?

I completely agree because you have to leverage what you have to achieve some pressing objectives which in this case is to stem the free fall of the Naira.
We don't have to through how we got here but I am glad these steps are being taken to steer the naira and the economy back on track.
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by BreconHills(m): 2:34pm On Oct 27, 2023
Fujiyama:


^^^

Is there a time frame for this 'intervention'? 6 months? 12 months?

Or will the intervention eventually become policy?

Intervention is predicated on the systematic imbalance in fx reserves. My feeling ( and this is my view) is that by end of Q1 we will see the impact of gradual asset monetization - the securitization of gas revenue is a start. Once we show appetite for our own assets, we will see inflow. I forsee N700-800 to the USD by Q2.

Asset monetization is the way to go. NG must unlock dead assets to create headroom. I am convinced that after the current triage measures we will see concerted efforts in this regard.
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by frog12: 2:34pm On Oct 27, 2023
borrow borrow. can anything good come from this?? shocked shocked shocked
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by frog12: 2:35pm On Oct 27, 2023
shutup. you don't know what you are talking about

FreeStuffsNG:
We have the best of the best brains among us leading this nation right now. Awa la ni eto se!! Gbabesky!

With unprecedented ingenious creativity, post-paid NLNG dividends of $7 billion just got unlocked like that!! Just like that!! Now you see how our brains built Lagos and the South West.

Nigeria is in the best hands and brains. We no go school go sell guguru and epa. We went to school hard and hard we studied whenever we remember that our education is being funded from owo oni iru and owo alata petty trading of our parents and forebears. We read in school as if all our lives depends on book. Nigeria is today reaping that knowledge we toiled to acquire with the sacrifices our parents made. God bless our parents and forebears.

Expect more unleashing of our ingenuity and patriotism. The bar will be raised so high that never again will someone with mediocre third class certificate of a trader step forward to become President and submit GCE o level certificate to INEC as his highest qualification then go out to hire liars, cyberbullies, tribal/religious bigots and criminal defamers to attempt to use to bully us.Never again!

Invest in Lagos and neighbouring Yoruba South West Nigeria states to get the greatest return on investment and best investor friendly experience today.
God bless Nigeria for ever! Check my signature for free stuffs!
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Abujaexpress: 2:36pm On Oct 27, 2023
FreeStuffsNG:


https://www.thisdaylive.com/index.php/2023/10/27/fg-moves-to-securitise-nlng-dividends-for-7bn-cash
Can someone explain this in a layman language and benefits to the economy and fiscal policy?
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by frog12: 2:36pm On Oct 27, 2023
i agree
webm:
Daft men celebrating.

In simple terms, they want to borrow money with future dividends that NLNG would make.
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by LikeAking: 2:38pm On Oct 27, 2023
FreeStuffsNG:
It will happen but you will not benefit from it and you will not be blessed by it because of your negative hate-filled mindset


U no well…

I will never benefit from problem….


Oga if nothing happen till next year..

You go stop this your hyping of the president..
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:41pm On Oct 27, 2023
ElSudani:


I completely agree because you have to leverage what you have to achieve some pressing objectives which in this case is to stem the free fall of the Naira.
We don't have to through how we got here but I am glad these steps are being taken to steer the naira and the economy back on track.

^^^
So...what you are saying in essence is that this is a short term intervention to defend the currency for...3 weeks? 3 months? 12 months?

But are you correct?

We have heard elsewhere that this intervention is being sought to...settle prior fx obligations?

So which is it?

1 Like

Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by kushe: 3:02pm On Oct 27, 2023
[quote author=zionstaar75 post=126645194][/quote]

Dear sir,
The Nlng dividend would have been put to good use as part of the budget but now they have searched high and searched low,and now they are strangulating the goose that lays the golden egg.
We are only kicking the can down the road.
Our economy is already in tatters and moves such as this are mere pointers to the wise.
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by kushe: 3:08pm On Oct 27, 2023
Fujiyama:


^^^
So...what you are saying in essence is that this is a short term intervention to defend the currency for...3 weeks? 3 months? 12 months?

But are you correct?

We have heard elsewhere that this intervention is being sought to...settle prior fx obligations?

So which is it?

The efficacy of this move cannot carry this economy beyond a few weeks.
I would say 1 month,but for allowance maybe 2 months.
If the only arrow in your quiver is defending the naira,dear ministry of finance,you are screwed because if you miss. Game Over.
Or maybe we should borrow against the future earnings of the Nigerian Ports.

1 Like

Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by webm: 3:24pm On Oct 27, 2023
[quote author=zionstaar75 post=126645194][/quote]

When you eat your profits before you see it what does it mean, intelligent man?

1 Like 1 Share

Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 3:39pm On Oct 27, 2023
BreconHills:
Intervention is predicated on the systematic imbalance in fx reserves. My feeling ( and this is my view) is that by end of Q1 we will see the impact of gradual asset monetization - the securitization of gas revenue is a start. Once we show appetite for our own assets, we will see inflow. I forsee N700-800 to the USD by Q2.

^^^

The 'intervention' exists because the administration is afraid of the political cost of a fully deregulated system - a system severely constrained by zero local refining capacity. As long as there is no local refining capacity, the problem is not going to go away. If the Dangote refinery and the Port Harcourt refinery do not deliver on schedule then this 'intervention' will become policy. I give it 4 months.

On the matter of fx reserves...the inflows from LNG dividend securitization aren't sustainable. After Q1 then what? The Naira takes a beating again and we securitize dividends from...Ajaokuta Steel Complex? undecided

BreconHills:
Asset monetization is the way to go. NG must unlock dead assets to create headroom. I am convinced that after the current triage measures we will see concerted efforts in this regard.

^^^
Dead assets?

Perhaps I missed something. My reading of this is that we are borrowing against NLNG future dividends. I see no evidence of balance sheet restructuring to liquefy NLNG hard assets. What non-current assets are being monetized here?

2 Likes

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