We reported earlier on plans by federal
government to sell off some State owned assets. It is rather disturbing that
they are targeting the most lucrative and profitable Organizations.
The Federal Government is planning to sell
at least five per cent of its shares in the Nigeria Liquefied Natural Gas
company.
Impeccable sources in the Presidency told
PUNCH correspondent that the move had become necessary as part of efforts to
revive the ailing economy.
A top official, however, explained that
the Federal Government had no plan to sell its shares in the NLNG outright.
The Federal Government currently owns 49
per cent shares in the company, while private firms own the remaining 51 per
cent.
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