₦airaland Forum

Vicadonis:
Aliko Dangote, president of of Dangote Group, says if the federal government offers to sell the Nigeria Liquefied Natural Gas (NLNG) to him on credit, he is not interested.

Reacting to the criticisms that have trailed his advocacy for the sale of national assets, Dangote told THISDAY that his proposal was borne out of the desire to see Nigeria get out of the current economic recession.

In an interview with CNBC Africa, the billionaire had said the government would be able to raise between $12 billion and $15 billion from the sale of the company.

“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,” he had said.

“The African finance corporation; it can fetch them $800million easily. My own suggestion before was that they should even sell 100 percent of NLNG. I don’t think government should be in any business of investing in sectors of LNG.

“A company like that, with earnings of $1.5 billion on the average, they should get anywhere between $12 billion and $15 billion.”

The comment had generated reactions, with some saying the billionaire was interested in buying the company.

But Dangote waved aside the criticisms, saying he offered the suggestions as “a true Nigerian who really wants the issues about the economy to be sorted out”.

“You know the issue, once your reserves are low, the banks, entrepreneurs, including external forces, would definitely attack your currency. They would speculate on your currency,” he said.

“We all know that the exchange rate of almost N500 to the dollar is not a true reflection of the value of the currency – the naira cannot be almost N500 to the dollar!

“But you see, if this thing is not handled properly, it can get out of hand. It can get to N600 to the dollar, or even N700 to the dollar.

“But the issue is, why did I suggest that we should sell some of the assets? I know the touchy one is the NLNG. I want to make it categorically clear that even if the government is selling NLNG on credit, I am not interested in buying.

“I don’t have any interest in NLNG and I will not buy it. It is not a business that I want to invest in. It is a mature business; that is what people don’t understand.

“You see, we should have invested heavily in all these Brass LNG, Olokola LNG, etc, when former President Olusegun Obasanjo started work on the projects, but we missed the opportunity.

“Today, you have massive LNG projects that have been done by Qatar, Australia and the United States is also exporting. But right now, all the gas that we have is even in the ground. Even Mozambique has a massive amount of gas and also Tanzania, and they are nearer to the markets than we are.

“So, if somebody is even going to invest in LNG, he would go to those areas and invest there and not here in Nigeria, because the investment here is daunting. So my own suggestion is that even if we must sell, it doesn’t have to be 100 per cent of our interest in NLNG.”


https://www.thecable.ng/dangote-even-if-fg-wants-to-sell-nlng-on-credit-i-am-not-interested?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ThecableTopStories+%28TheCable+%C2%BB+Top+Stories%29

Nigeria may recover from recession if Dangote diverts to Nigerian government coffers the money Dangote Group spends on CNN for mere mention of Dangote Group name on that media.

sinaj:
na force ni

Seems he is afraid of criticism

Sell this, sell that and the money will still end up in their pocket.

They should just sell Nigeria and give us our share abeg

i concur, thank God i have dual citizenship..

Vicadonis:
Aliko Dangote, president of of Dangote Group, says if the federal government offers to sell the Nigeria Liquefied Natural Gas (NLNG) to him on credit, he is not interested.

Reacting to the criticisms that have trailed his advocacy for the sale of national assets, Dangote told THISDAY that his proposal was borne out of the desire to see Nigeria get out of the current economic recession.

In an interview with CNBC Africa, the billionaire had said the government would be able to raise between $12 billion and $15 billion from the sale of the company.

“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,” he had said.

“The African finance corporation; it can fetch them $800million easily. My own suggestion before was that they should even sell 100 percent of NLNG. I don’t think government should be in any business of investing in sectors of LNG.

“A company like that, with earnings of $1.5 billion on the average, they should get anywhere between $12 billion and $15 billion.”

The comment had generated reactions, with some saying the billionaire was interested in buying the company.

But Dangote waved aside the criticisms, saying he offered the suggestions as “a true Nigerian who really wants the issues about the economy to be sorted out”.

“You know the issue, once your reserves are low, the banks, entrepreneurs, including external forces, would definitely attack your currency. They would speculate on your currency,” he said.

“We all know that the exchange rate of almost N500 to the dollar is not a true reflection of the value of the currency – the naira cannot be almost N500 to the dollar!

“But you see, if this thing is not handled properly, it can get out of hand. It can get to N600 to the dollar, or even N700 to the dollar.

“But the issue is, why did I suggest that we should sell some of the assets? I know the touchy one is the NLNG. I want to make it categorically clear that even if the government is selling NLNG on credit, I am not interested in buying.

“I don’t have any interest in NLNG and I will not buy it. It is not a business that I want to invest in. It is a mature business; that is what people don’t understand.

“You see, we should have invested heavily in all these Brass LNG, Olokola LNG, etc, when former President Olusegun Obasanjo started work on the projects, but we missed the opportunity.

“Today, you have massive LNG projects that have been done by Qatar, Australia and the United States is also exporting. But right now, all the gas that we have is even in the ground. Even Mozambique has a massive amount of gas and also Tanzania, and they are nearer to the markets than we are.

“So, if somebody is even going to invest in LNG, he would go to those areas and invest there and not here in Nigeria, because the investment here is daunting. So my own suggestion is that even if we must sell, it doesn’t have to be 100 per cent of our interest in NLNG.”


https://www.thecable.ng/dangote-even-if-fg-wants-to-sell-nlng-on-credit-i-am-not-interested?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ThecableTopStories+%28TheCable+%C2%BB+Top+Stories%29

wether u buy it wit cash, cheque or credit... u epp me...

no..

Yinmu

LNG venture is highly risky for Alhaji Aliko Dangote.
The global competition is costly.

Meanwhile, in solidarity with the Federal Government of Nigeria, I want to sell one of my companies and it has no debt. I am not owing any bank. And my company is currently worth US$1Billion with a projection of increasing to US$30Billion in the next 5 years.

My company has assets in the Nigerian film industry, digital media and acres of land in the south east.

Dangote can call me 24/7.

delishpot:
Na so too girls dey pray to God to keep Jim Ike's away from them. Na only to chop and clean mouth he dey do.

Lolz, that's not wat I mean o. I'm not interested on the kind if life style Jim chooses but I think he still made sense. The prayer of any man is to get a woman who's considerate, economical, faithful and have a fear of God.
Not the types who are Squanderers. As soon as u are broke, they find their ways and looks for the next prospects to make their victims.
I'm sure no reasonable woman will pray for God to bring that kind of lady into her own brother's life.

TheBlessedMAN:
if a whole dangote can say datt.........

Then am also saying that if I want to come back to dis world and God included dis recessive Nigeria among my designated option. I will also humbly tell God dat am not intrested....... Being d devils right hand man is presently better Dan being a Nigerian.......

chai...na like dis u hate ur fatherland reach.

Oga dangote pay ur tax completely.

Food for Thought!!!!!

G-R-E-E-D

"Current richest man in the world, Bill Gates has over his life time, given half of his wealth to charities and developing nations. During the great depression (extreme recession) of the 1930's, Standard Oil boss and world's richest man back then( and even in modern times), John Davison Rockefeller loaned the America state about half of his net worth. Nigeria is in a recession and Africa's richest man who also doubles as the richest black man on the planet, Aliko Dangote is busy advising the Federal government to sell off national assets, so he and his cronies can buy. Why are we different as a Nation, let us think Nigerians...

Please share till it gets to the appropriate bodies

Imagine this abo_ki o. He think say he is talking to idiots

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Gyarbonka

Vicadonis:
Aliko Dangote, president of of Dangote Group, says if the federal government offers to sell the Nigeria Liquefied Natural Gas (NLNG) to him on credit, he is not interested.

Reacting to the criticisms that have trailed his advocacy for the sale of national assets, Dangote told THISDAY that his proposal was borne out of the desire to see Nigeria get out of the current economic recession.

In an interview with CNBC Africa, the billionaire had said the government would be able to raise between $12 billion and $15 billion from the sale of the company.

“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,” he had said.

“The African finance corporation; it can fetch them $800million easily. My own suggestion before was that they should even sell 100 percent of NLNG. I don’t think government should be in any business of investing in sectors of LNG.

“A company like that, with earnings of $1.5 billion on the average, they should get anywhere between $12 billion and $15 billion.”

The comment had generated reactions, with some saying the billionaire was interested in buying the company.

But Dangote waved aside the criticisms, saying he offered the suggestions as “a true Nigerian who really wants the issues about the economy to be sorted out”.

“You know the issue, once your reserves are low, the banks, entrepreneurs, including external forces, would definitely attack your currency. They would speculate on your currency,” he said.

“We all know that the exchange rate of almost N500 to the dollar is not a true reflection of the value of the currency – the naira cannot be almost N500 to the dollar!

“But you see, if this thing is not handled properly, it can get out of hand. It can get to N600 to the dollar, or even N700 to the dollar.

“But the issue is, why did I suggest that we should sell some of the assets? I know the touchy one is the NLNG. I want to make it categorically clear that even if the government is selling NLNG on credit, I am not interested in buying.

“I don’t have any interest in NLNG and I will not buy it. It is not a business that I want to invest in. It is a mature business; that is what people don’t understand.

“You see, we should have invested heavily in all these Brass LNG, Olokola LNG, etc, when former President Olusegun Obasanjo started work on the projects, but we missed the opportunity.

“Today, you have massive LNG projects that have been done by Qatar, Australia and the United States is also exporting. But right now, all the gas that we have is even in the ground. Even Mozambique has a massive amount of gas and also Tanzania, and they are nearer to the markets than we are.

“So, if somebody is even going to invest in LNG, he would go to those areas and invest there and not here in Nigeria, because the investment here is daunting. So my own suggestion is that even if we must sell, it doesn’t have to be 100 per cent of our interest in NLNG.”


https://www.thecable.ng/dangote-even-if-fg-wants-to-sell-nlng-on-credit-i-am-not-interested?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ThecableTopStories+%28TheCable+%C2%BB+Top+Stories%29

Why would he suggest such and Nigerians won't suspect him?it should be a normal regular Nigerian making such suggestion.Its like a rich man and another rich man who made an investment that has not yet yield profit thereby making him broke,.The still rich guy comes and tell the broke one to sell his most of his land to still be in business??

MrBONE2:
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Gyarbonka

lolz @James bond suit. it'll b something tangible. thanks for answering the survey. hope you filled your email address

Jadonjack:
See this one oo, do you know how much one air Jordan sneakers cost?! Even 1 million is not enuf for me to chop in a day.

I ask u kwestion? Shows say u nor geh moni!

Yeye dey smell

sinaj:
ezibote Uwa mmebi

Obodo Nigeria emebi cha go kwa. Umu nne mu,bia nu ka anyi dozie ala anyi bu ebe Ikemba Nnewi chotara anyi. Ala kwa mu o!
*bia driver kwusi mu na Obosi junction* biko ku pua,tupu Nigeria elebe nmadu na ugbua.

petomas:
Lolz, that's not wat I mean o. I'm not interested on the kind if life style Jim chooses but I think he still made sense. The prayer of any man is to get a woman who's considerate, economical, faithful and have a fear of God.
Not the types who are Squanderers. As soon as u are broke, they find their ways and looks for the next prospects to make their victims.
I'm sure no reasonable woman will pray for God to bring that kind of lady into her own brother's life.

What I mean is, that was a case of pot calling kettle black. is Jim isn't a saint too Na

Lets not focus on only what men want or women want for their brothers. Lets also focus on what our women want and what brothers want for their sisters too Na.

Dangote is a good business man... He knew he won't make any returns like his other investments.that's why he backed out, due to the fact that other nations are now exporting LNG in large quantity. Brilliant man

Vicadonis:
Hmmmmmn. He has seen the handwriting of Nigerians on the wall and decided to back out. We know your plan is to buy the whole of Nigeria. But e no go happen

Don't mind the thief. Mr Monopoly. Don't be surprised when he completes his refinery he will want to be the only one selling Fuel to Nigeria.

Dangote stop lieing u won't buy but ur fronts will buy on ur behalf

The thing is, even if they sell and make the $15 million, there won't be any significant change in the economy... Cuz it would be squandered on irrelevancies.

Tah.

Na so

Dangote abeg shut up..... lie kill u..... we not sell.... go north go buy sambisa forest take farm.... thunder and ogun fire u the same time

Fringes:
I have learnt to ignore those who specialise in criticizing the successful and have nothing to show for it.

So they hug the internet and run around as paper and internet warriors with little think-abilities. As though they would be half as philanthropic or as reasonable as Aliko if they were in his shoes.

The man is a GCON, shrewd business man and knows the workings of government and governance. That's why he is such an Octopus. He holds a degree in Law too, amidst others. So he isn't talking without far greater knowledge than many critics. You don't go criticizing him in shallow fashion(s) or irresponsibly.

Many religious leaders that many critics virtually "worship" without question may have as much resources as Dangote might have access to yet only a few like Bishop Kukah and Pastor Bakare live almost regular lifestyles while still regularly contributing their opinions to National discourse regularly.

Dangote has already grown a business empire larger than Nigeria. He doesn't need to want to buy Nigeria. He already contributes significantly to our GDP already. What the rest of us should do isn't to criticise his every word and action but to work hard to establish our individual selves too - with God helping each one of us.

Everything we see is controlled by an unseen Hand that controls the Universe - the Omnipotent God. So why focus negative energy, not only on APC/Buhari/Tinubu but now Dangote? Why the baseless bile?

*P.S: I don't know Dangote and have absolutely no links with him/his business.*

You know what, Nigerians like to tarnish the image of their illustrious sons and daughters. There is hardly any personality in Nigeria whose name has not been soiled.

We should learn to celebrate and embrace our achievers of success. No one will do that for us except ourselves. This is the problem we are facing.

They should sell off everything in other parts of Nigeria. As long as they dont cross the niger bridge.
Note : any businessman that decides to buy federal property in the East is toying with his money and investment. THANK YOU.

Na lie

I think this should be a big eye/brain opener to every YOUNG NIGERIAN ENTREPRENEUR...

Nigerian government over time has squandered far too much and produce so little... Abacha then would order CBN governor then to print 10 billion naira... then squander the money, print another one use it for party... Devaluing Naira... spend money we do not earn... killing the system... knows nothing about money and economy... he thinks money is that paper note... money is VALUE that you have that people needs... we sell crude oil... lose all the money in importing fuel and government frauds. we import everything (even from neighborn African countries) , including matches from China we sell nothing... the government refuse to invest in creating value and selling it to create revenue rather they choose to print overnight billions.. in a global economy.

Now the government is broke... they would keep selling... if they sell, most likely and sadly they would squander the money again...

I am talking to every entrepreneur out there... you are a value Creator... you are valuable... as you create and sell, people would buy.. government too would buy from you... and they would keep buying as long as you kip creating....
Keep your game tight, stay focus.. In the future you would be rich enough to buy not just NLNG... or National Stadium but Everything together.

God bless.

007Gbenga:
Don't mind the thief. Mr Monopoly. Don't be surprised when he completes his refinery he will want to be the only one selling Fuel to Nigeria.

If he has the only functional refinery in Nigeria, it shouldn't be used?

Should fuel still be imported if Dangote's refinery has the capacity to supply Nigeria?

You people just criticize senselessly.

Fringes:
I have learnt to ignore those who specialise in criticizing the successful and have nothing to show for it.

So they hug the internet and run around as paper and internet warriors with little think-abilities. As though they would be half as philanthropic or as reasonable as Aliko if they were in his shoes.

The man is a GCON, shrewd business man and knows the workings of government and governance. That's why he is such an Octopus. He holds a degree in Law too, amidst others. So he isn't talking without far greater knowledge than many critics. You don't go criticizing him in shallow fashion(s) or irresponsibly.

Many religious leaders that many critics virtually "worship" without question may have as much resources as Dangote might have access to yet only a few like Bishop Kukah and Pastor Bakare live almost regular lifestyles while still regularly contributing their opinions to National discourse regularly.

Dangote has already grown a business empire larger than Nigeria. He doesn't need to want to buy Nigeria. He already contributes significantly to our GDP already. What the rest of us should do isn't to criticise his every word and action but to work hard to establish our individual selves too - with God helping each one of us.

Everything we see is controlled by an unseen Hand that controls the Universe - the Omnipotent God. So why focus negative energy, not only on APC/Buhari/Tinubu but now Dangote? Why the baseless bile?

*P.S: I don't know Dangote and have absolutely no links with him/his business.*

Abi OOo my brother.

Nigerians can be stupid especially the poor ones.

Shot up!

When I first saw NLNG,I thought it was nairaland they talking about.