I Am Not Interested In Buying National Assets – Dangote


Following the outcry that has trailed the advocacy for the sale of the country’s national assets as a quick measure to fund the 2016 budget and boost the country’s foreign exchange reserves, the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, has dismissed insinuations that his advocacy for the sale of the assets was self-serving, saying he was not interested in any of the assets.

Also See: Oil Firms Suffers Recession, Cuts Staff Salaries By 50%

In an exclusive interview with THISDAY, Aliko Dangote said his advocacy for the sale of some national assets is not for selfish aim but to help boost the economy as well as to stabilise the naira exchange rate, which has been under attack in the past few days.

national assets
I am not interested in buying national assets – Dangote

He added that even if the Nigeria Liquefied Natural Gas Company (NLNG), or any other national asset was offered to him, even on credit, he is not be interested in buying them.

“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.”

There have been calls on the Federal Government to sell some national assets in order to bail the economy out of the current recession.

The Minister of Information and Culture, Lai Mohammed, has however, described reports of proposed sale of some National assets to revive the economy as a mere speculation.

Also See: See The Nigerian Man Who Sells Roasted Corn In Dubai For A Living

The Minister who spoke to State House correspondents after a Federal Executive Council meeting which held last week said the FG is still working on the most comprehensive manner to reflate the economy and will make its position known very soon.

Topics: >