Dangote Advises President Buhari On How Reverse Economic Woes - Politics

Dangote Advises President Buhari On How Reverse Economic Woes - Politics - Nairaland

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Dangote Advises President Buhari On How Reverse Economic Woes by Jalapa01(op): 8:26pm On Sep 18, 2016

Africa's richest man and business magnate, Alhaji Aliko Dangote, has advised the Federal Government on the solution to the current economic recession in the oountry.

Dangote said the Nigeriaa's government would do well to consider selling off the Nigerian Liquified Natural Gas (NLNG) company, and other dormant but huge capital-generating sectors, and invest the proceeds in the economy.

He made this known in an interview with CNBC Africa.

According to him, this will bring the country out of recession before the end of the fourth quarter.

In his words, “The only way for us to get out of this recession is to make sure we move into action quickly; action by diversifying the economy quickly.

“If I had challenges in my company, I would not hesitate to sell assets, to remain afloat, to get to the better times, because it doesn’t make any sense for me to keep any assets and then suffocate the whole organisation.

“What we need to do now in my own thinking… we have a lot of assets to sell...continue reading at http://www.bookspen.com/dangote-advises-president-buhari-reverse-economic-woes/

Re: Dangote Advises President Buhari On How Reverse Economic Woes by squarelead(m): 9:12pm On Sep 18, 2016

I hope it works.

Re: Dangote Advises President Buhari On How Reverse Economic Woes by 90xtr90r: 10:37pm On Sep 18, 2016

It would have made a lot sense if he had suggested selling off Kaduna refinery, Lake Chad, Sambisa forest, Kainji and Shiroro dams and the numerous illegal mines littering the Northern landscape.

Re: Dangote Advises President Buhari On How Reverse Economic Woes by ChimaAdeoye: 10:48pm On Sep 18, 2016

Jalapa01:
Africa's richest man and business magnate, Alhaji Aliko Dangote, has advised the Federal Government on the solution to the current economic recession in the oountry.

Dangote said the Nigeriaa's government would do well to consider selling off the Nigerian Liquified Natural Gas (NLNG) company, and other dormant but huge capital-generating sectors, and invest the proceeds in the economy.

He made this known in an interview with CNBC Africa.

According to him, this will bring the country out of recession before the end of the fourth quarter.

In his words, “The only way for us to get out of this recession is to make sure we move into action quickly; action by diversifying the economy quickly.

“If I had challenges in my company, I would not hesitate to sell assets, to remain afloat, to get to the better times, because it doesn’t make any sense for me to keep any assets and then suffocate the whole organisation.

“What we need to do now in my own thinking… we have a lot of assets to sell...continue reading at http://www.bookspen.com/dangote-advises-president-buhari-reverse-economic-woes/

Of course, Dangote must have some "advise" to give.

Afterall, Part of this economic woes was created out of a desire to give Dangote all the foreign exchange in the Central Bank of Nigeria, while blocking the commercial banks from selling foreign currency to a multitude of other businesses.

Today we see the effect of prosecuting sentimental "paddy-paddy" economic policies.

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