FG dumps Dangote’s proposal to sell crown jewels

Federal Government yesterday dumped Alhaji Aliko Dangote’s proposal to sell Nigeria’s Liquefied Natural Gas (LNG) and other crown jewels to augment shortfall in revenue, insisting that borrowing would be a better option.
Acting Chairman of Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Shetima Umar Abba Gana, who faulted Dangote’s proposal, said that Nigeria’s gas reserves which totals 188 trillion cubic feet, is the best in the world because of its low hydrogen sulphide impurity levels.
Instead of selling Nigeria’s assets, which generate funds to the Federation Account, wealthy Nigerians should be encouraged to set up their own LNG projects.
In a statement, Gana argued that it would be unwise for the Federal Government to dispose of its revenue generating crown jewels that keep the Federation Account robust over the long term.

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