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Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. - Business (4) - Nairaland

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Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by ebenholer(m): 2:42pm On Sep 17, 2016
rusher14:
Just say you want to buy.

You want the NLNG be sold for 15 Billion Dollars that some people in government have in their back pocket?
Has it occurred to you how they got the money in the first place?

There are many times I agree with Dangote but this isn't one of them.
Dangote only suggested the selling price and it may be sold more than that. It's like u don't seem to know what 15billion dollars can amount to in Nigeria money...it is roughly 48 trillion naira. Tell me who has that in his bank account in Nigeria.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by segcymoor(m): 2:42pm On Sep 17, 2016
speedyconnect3:
the Oracle
......has spoken grin
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by precious1967(m): 2:42pm On Sep 17, 2016
deaf and dumb ll not hear u.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by TyrantInAsoRock: 2:46pm On Sep 17, 2016
Adminisher:


This is one of the smartest posts I have read on Nairaland. Please keep it up. Selling government assets is the last tier on the FG's risk management policies. It is the last thing they will consider and only when all else fails. LNG market has fallen as well so we might not be getting good value at this time. We are lucky to have Buhari in office with strong core values, stubbornness and an independent point of view unlike the Dumbo who was not even aware of " himself " or his own core throughout his stay in office


So far so good

Buhari is a failure

If him like make him stubborn pass Gaddafi

Make him get independent mind past JFK


He's presently a failure

Nothing more nothing less

Continue to console ursef by abusing GEJ the dumbo can feed ur entire generation both the dead, alive and the yet unborns

2 Likes

Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by ebenholer(m): 2:49pm On Sep 17, 2016
Just that nigeria seems not to value who they have, and politics is highly hindering development in Nigeria so far. Imagine when government calls on emir sanusi,Charles soludo, ngozi nweala, femi otedola, Mrs alakija, Mr Dangote and lots of successful business men and women in Nigeria and be having monthly meetings with them on how to move Nigeria forward, things would have been better tHan this, but politics would nit allow sugh to be in place.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by emorse(m): 2:49pm On Sep 17, 2016
digitalheadline:

A good government would have ascertained all of these mismanagement before making frivolous promises. While the last administration messed the country up without saving, this administration led by buhari has no clue whatsoever on what to do...Is like when a kid is helpless is either he calls for help or blame someone for it. APC and buhari should do the needful or stepaside in 2019...We need solutions not the blame game.

How could they have done the bolded without firsthand information?

Please ignore the question if you're goibig to turn it into an APC vs PDP thing because I don't give a f**k about either party.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by Jesusloveyou: 2:51pm On Sep 17, 2016
MNDY:
"This country has been pillaged, raped and f"cked" before PMB
!
chey the country was not rape and Bleep under pdp and ineffectual buffoon, when almost everything in nigeria was sold to his cronies even to his wife, after selling phcn to his cronies and his wife at cheaper rate, ineffectual buffoon went further to dash them our hard-earn money to fund their incompetent as a show of his ineffectual buffoonism. may God punish his family, for all the mess he put us

2 Likes

Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by harlee(m): 2:51pm On Sep 17, 2016
God pls let dangote contest 4 president,that way we'll know. He's nt going in 4 d money..bt 2 salvage the economy
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by idupaul: 2:52pm On Sep 17, 2016
Jesusloveyou:
that is why i refer to ipods as flat heads, what did gej do when oil were $120, he share d money to his cronies, he also share reserve,swf and ECA, pmb help him to settle his outstanding subsidy scam, fertilizers subsidy scams, contractors, bailout pdp states. etc. just within a year

You are not a smart man. .so in your little mind anyone that criticises Buhari must be from the East? It just shows how weak and warped your mind is ..you can't even see things outside tribal or sectarian lines

3 Likes

Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by ebenholer(m): 2:52pm On Sep 17, 2016
TyrantInAsoRock:



So far so good

Buhari is a failure

If him like make him stubborn pass Gaddafi

Make him get independent mind past JFK


He's presently a failure

Nothing more nothing less

Continue to console ursef by abusing GEJ the dumbo can feed ur entire generation both the dead, alive and the yet unborns

Assets selling can ever be d best option in reccession, u sell what don't urgently need to get what u urgently desire to arrest d situation or hence total failure mat happen. LNLG is not the main source of income for nigeria u should know.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by idris4r83(m): 2:52pm On Sep 17, 2016
Jesusloveyou:
we only want ur ineffectual buffoon to just return our money he met in reserve, if $47b was stil in reserve, u ipod wouldnt have be making noise.
shikena!

1 Like

Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by ebenholer(m): 2:53pm On Sep 17, 2016
ebenholer:

Assets selling can ever be d best option in reccession, u sell what don't urgently need to get what u urgently desire to arrest d situation or hence total failure mite happen. LNLG is not the main source of income for nigeria u should know.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by Funkyswagzz(m): 2:54pm On Sep 17, 2016
With all the ways we think we are too clever we are still going down everyday. I am definitly sure that these points dangote have put across will never be put to practise because our greed will never allow us to take necessary action.

We are the ones punishing ourselves. Theres we wont do arguement or problem wont come out of it. So tell me how do we move on from that Its a shame really cos no body wan carry last.

So for those pointing fingers at buhari I believe if you go there you will do worse than him cos everyone around you will put so much pressure you wont know what to do buh to start sharing money. I believe buhari iz doing the right buh d money iz not there.

I believe will see use through if we do the right thing. Although sometimes I wish ppl like dangote we be the president of nigeria. Buh its unfortunate cos a person that iz just and righteous can never rule this country. The pressure iz much he will die within a twinkle of an eye.

So my dear brothers and sisters what you see iz what you get since we dont want to campaign. So if you are accusing buhari go there and see if you can do better than him
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by nuradeen011(m): 2:57pm On Sep 17, 2016
the best paragmatic solution to this recession so far
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by dmorf: 3:02pm On Sep 17, 2016
Businessideas:
We ain't selling NLNG. Rather bring in more competitors like government is doing with the refineries. Dangote isn't a saint when it comes to how we got into this mess. He's among the major financier of the pdp and got returns on his investment even at the detriment of the nation.
Our primary reason for getting into this mess was because GEJ government stole the nation dry and made no investment or saved up for the rainy day.

Is that what Lai Mohmmed told you? Buhari should publish GEJ handover note....
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by Jesusloveyou: 3:05pm On Sep 17, 2016
erico2k2:

nah shared the money amongst the governors, question for you, what did your own state governor then do with his own share, I know what mine did
that is why osho is one of the best governor in nigeria.

1 Like

Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by TheSCRYPT: 3:08pm On Sep 17, 2016
Sell it so you can buy it? Like we don't know you are already in partnership with some companies to get a pipeline lease for gas in your refinery. Your next stop is to mess up the LNG market so you can fully monopolize the system.

Dangote is already going upstream. Wait and see what happens in the next bidding rounds for OPLs or OMLs.

Your greed knows no bounds.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by uvalued(m): 3:09pm On Sep 17, 2016
HolyHero:
slapped a soldier today and he ran away. That's how i knew he was fake. Please let's join hands and expose the fake soldiers in town.How? By slapping any soldier you come across this week, if he runs, then he is fake, if he doesn't run, the Lord is your strength.
i no wan buy mkt oh... i go slap myself to know soja no be fake and na mi fake grin
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by proeast(m): 3:10pm On Sep 17, 2016
forkadict:
Iddiot so you can buy the NLNG abi? The sole license granted you to import sugar into the country never do you abi?

Bast.ard
Dangote is a very selfish, avaricious and gluttonious shylock. Since he lost money due to the crash of the naira, he has been looking for any means possible wether by hook or crook to fleece Nigeria. If giving the opportunity, this shylock will just buy the whole country through waivers, monopoly, manipulation, tax evasion etc. Just imagine his disgusting effrontery. !DIAT!!!!!
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by jmichlins(m): 3:15pm On Sep 17, 2016
ejibaba:


May wisdom and understanding never be looked for in your generation because from you or must pass down...I love this...slayer jst slayed it...I really of APC but not this blame game.
amen and amen
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by jmichlins(m): 3:16pm On Sep 17, 2016
arsenal33:


...and bring back the looters?
looters? NEVER!!!! Nothing like PDP In the helm of affairs in Nigeria
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by kennycalls(m): 3:19pm On Sep 17, 2016
seriously if anyone would concur to this buhari wont
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by jmichlins(m): 3:19pm On Sep 17, 2016
Businessideas:

You are just being mischievous. Read my post patiently without prejudice. The government is feeling the pain of the mismanagement of GEJ and they are going about it diligently yet honest enough to tell us the rot they met on ground. It's only when they tell us what they met on ground that we can appreciate the amount of ground they covered in 2019.They are telling us how badly our nation has been pillaged, they are clearing the mess and you are still asking them not to complain.I voted for them to expose the rot, apprehend them, send them to jail to serve as deterrent and build a new system for the benefit of Nigerians.
I for one is feeling the pain of the past administration but believe me it's time this administration just shut up and work. Let the their works do the talking for them. The whole alleged recovered loot can kick start the economy

1 Like

Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by SonofDevil: 3:21pm On Sep 17, 2016
IBBG:
chairman leave all this story. didn't buhari inherit 30 billion dollars from the last govt. what did obasanjo inherit frm the military. the truth is this administration is absolutely clueless and the worst in the history of nigeria democracy. no matter what, if this administration was working, dollars is supposed to be trading at 250naira per dollar and not the rubbish dis administration is doing with our economy

Mr man stop thinking like a toddler

Can You compare cost of living in 1999 to 2015

Can you compare cost of governance in 1999 to 2015

Can you compare population of 1999 to 2015

E.t.c
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by greenlegs(m): 3:30pm On Sep 17, 2016
Abeg ee...and if. govt decides to sell nlng you'll later hear it's dangote that bought it.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by Deenite(m): 3:32pm On Sep 17, 2016
Dis man get sense ooo, he has done all the maths, just tryin to tell FG to sell NLNG nd oda important things to him. Nice one
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by Nobody: 3:35pm On Sep 17, 2016
Businessideas:

You are just being mischievous. Read my post patiently without prejudice. The government is feeling the pain of the mismanagement of GEJ and they are going about it diligently yet honest enough to tell us the rot they met on ground. It's only when they tell us what they met on ground that we can appreciate the amount of ground they covered in 2019.They are telling us how badly our nation has been pillaged, they are clearing the mess and you are still asking them not to complain.I voted for them to expose the rot, apprehend them, send them to jail to serve as deterrent and build a new system for the benefit of Nigerians.
I think you require an education on recession ,so I copied this from an article solely for you-thank me later.
Economic Recession Definition
Economic recession is a period of general economic decline and is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. Generally, a recession is less severe than a depression. The blame for a recession generally falls on the federal leadership, often either the president himself, the head of the Federal Reserve, or the entire administration.
Factors that Cause Recessions
1)High interest rates are a cause of recession because they limit liquidity, or the amount of money available to invest.
2)Another factor is increased inflation. Inflation refers to a general rise in the prices of goods and services over a period of time. As inflation increases, the percentage of goods and services that can be purchased with the same amount of money decreases.
3)Reduced consumer confidence is another factor that can cause a recession. If consumers believe the economy is bad, they are less likely to spend money. Consumer confidence is psychological but can have a real impact on any economy.
Reduced real wages, another factor, refers to wages that have been adjusted for inflation. Falling real wages means that a worker's paycheck is not keeping up with inflation. The worker might be making the same amount of money, but his purchasing power has been reduced.
do you still think gej caused the recession?.
If those nouns managing our economy where adept in what the are doing,we wouldn't be in recession. This is as a result of failure on the part of this present administration and the labour unions.When buhari took too long to form his cabinet and define his economic blueprint, recession was breed between the uncertainty. This administration also compounded it by banning the import of goods we weren't self sufficient in hence,creating an artificial scarcity with its attendant rise in price(which happened in this case to be prodigious).This administration in both fed and state escalated it further by arbitrarily imposing taxes on the banking and telecom sector ,reducing the SME mans confidence in the bank(I hope to God the voice and call bill doesn't hold).The niger-delta militants then contributed their "economic expertise" by blowing up oil resources. The various labour unions remained mum instead of clamouring an increased in minimum wage and,that my friend is how we landed thus.Buhari should know that the way out of a recession is to spend (which he is doing but not enough).increase minimum wage so that a common man can afford a bag of rice or better still,he should reduce the salary of of executives and reduce taxes.

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Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by GEOyurmie(m): 3:36pm On Sep 17, 2016
I won't wannna agree with dangote on this, we in this mess because as a nation we keep solving long-term problems with short-term solutions.....if we had learn after the 1983 shhh....we won't be here....
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by Xano(m): 3:40pm On Sep 17, 2016
FG should keep its assets and invest in them. Prudent policies and managed by independent well equipped professional team of companies.
NLNG, among others is Nigeria's valuable asset. It should not be sold for any amount(price).
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by maxzzo1(m): 3:41pm On Sep 17, 2016
emorse:
Is he positioning himself to buy? I won't be surprised if he is. Very soon we'll rename Nigeria as federal republic of Dangote.

On a more serious note though, his suggestions appear correct to me. It could be a quick way to earn forex.
d man wan buy lng...ahahahaha
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by drss2(m): 3:43pm On Sep 17, 2016
interesting. dangote will be a better president dan d dullard in aso rock.
Re: Dangote To FG: Sell NLNG, Beef Up Reserves, And Recession Will Go By December.. by sapientia(m): 3:49pm On Sep 17, 2016
I disagree..

To sell one of the few working assets?

NLNG is a critical asset... if not Nigeria is a funny country... how could we have privatised power?

There are things that a country should control just that Nigeria is almost always an exception

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