Wednesday , January 16 2019

NLC SAYS NO TO THE SALE OF NATIONAL INVESTMENT ASSETS

    The Nigeria Labour Congress has slammed recent calls for the sale of some government assets and other sources to shore up reserves. Julio Jones Alabama Jersey Nike Hurley In a statement issued on Thursday, NLC President, Ayuba Wabba said the idea is unacceptable to the union. Nike Air Max 2016 Homme Nigeria’s Senate President, Bukola Saraki urged Federal executives in the country to increase capital from the sale of government assets and other sources to shore up reserves. LSU Tigers Jerseys While Africa’s Richest Man, Aliko Dangote also made the same recommendation during an interview. Irving Fryar “The recent call by Alhaji Aliko Dangote for the sale of the national share holdings in the LNLG and the suggestion by the Senate President that the shares, along with other sovereign assets in the oil and aviation sectors, should be sold as a way of steming the current economic recession are unacceptable to us at the Nigeria Labour Congress,” Wabba said. Canada Goose Banff Parka Canada Goose Chilliwack Bomber “Investments in the LNLG and Joint Venture oil upstream operations are profitable and represent potential sources of revenue into the future.”
    For example, it was the accrued dividend payments from LNLG shares that provided the resources for the first bail-out to states when many states could not pay salaries under this present regime. canada goose bebe reversible vest Canada Goose Snow Mantra Parka It is on record that dividends, in excess of one billion dollars, have accrued annually to the national coffers from the gas company over the past twelve years.” The NLC President added, “These calls are more worrisome when one considers the history of sovereign assets divestiture in the past. Where are the proceeds from sales of the assets in the power sector for instance? With the benefit of hindsight, it is obvious that these assets were distributed to favoured individuals and surrogates of the ruling elite without any appreciable benefits to Nigerians.” “While we recongise that there is need to take urgent steps to stem the dwindling fortunes of the national economy, we are convinced that the proposals in question will further weaken the revenue capacity of government in the future and weaken the economic base of the nation.” Nigeria is facing its worst economic crisis triggered by a slump in crude prices, its mainstay, which has hammered public finances and the naira and caused chronic dollar shortages. The NBS said Nigeria’s Gross Domestic Product contracted by 2.06 per cent, marking the first major recession in 29 years for Africa’s largest economy. California Golden Bears Jerseys [/padding]

    OUR REFINERIES ARE NOT FOR SALE

      Analysts have long predicted that Nigeria’s economy was heading for a recession amid a shrinking naira and diminishing revenues occasioned by low crude prices. Chaussures Nike Nigeria was last in a recession, for less than a year, in 1991, and experienced a prolonged one that started in 1982 and lasted until 1984. Nike Pantalon Wabba said, “There are lessons to be learnt from some other OPEC countries which invested their oil revenues heavily in the acquisition of sovereign assets, both domestically and internationally. Masterpiece Kodiak Doudoune Air Jordan 9 Retro
    nike free run 2.0 homme Such countries today are deriving a steady stream of earnings from those assets and are, therefore, less vulnerable to the fiscal crisis occasioned by failing oil revenues.” “Inter-generational considerations require that we build on these existing investments by identifying other profitable endeavours to invest in. What we need is to leverage on the stream of potential earnings from these investments in seeking to turn around the economy.” “We, therefore, call on Nigerians to resist these new schemings by those waiting and wishing to lap up these lucrative national assets. canada goose bebe snowsuit Joe Montana Notre Dame Jersey We need to preserve these assets for our children and future generations,” he said. Chaussures UGG Homme “On our part, we are ready, in partnership with other progressive and nationalist forces in our country, to resist the further attempt to plunder our common patrimony.”   Analysts have long predicted that Nigeria’s economy was heading for a recession amid a shrinking naira and diminishing revenues occasioned by low crude prices. Parajumpers Homme Adidas NMD Homme Soldes Doudoune Parajumpers Pas Cher AIR MAX THEA Nigeria was last in a recession, for less than a year, in 1991, and experienced a prolonged one that started in 1982 and lasted until 1984. Nike Air Yeezy AIR JORDAN 11 Wabba said, “There are lessons to be learnt from some other OPEC countries which invested their oil revenues heavily in the acquisition of sovereign assets, both domestically and internationally. NIKE AIR ZOOM PEGASUS 33 Such countries today are deriving a steady stream of earnings from those assets and are, therefore, less vulnerable to the fiscal crisis occasioned by failing oil revenues.” “Inter-generational considerations require that we build on these existing investments by identifying other profitable endeavours to invest in. Air Jordan Retro 28 Parajumpers Pas Cher What we need is to leverage on the stream of potential earnings from these investments in seeking to turn around the economy.” “We, therefore, call on Nigerians to resist these new schemings by those waiting and wishing to lap up these lucrative national assets. Air Jordan 6 Retro We need to preserve these assets for our children and future generations,” he said. Lawrence Taylor Air Jordan 10 Retro “On our part, we are ready, in partnership with other progressive and nationalist forces in our country, to resist the further attempt to plunder our common patrimony.”

     
    Analysts have long predicted that Nigeria’s economy was heading for a recession amid a shrinking naira and diminishing revenues occasioned by low crude prices. Jonathan Allen Jersey Parajumpers Parka Nigeria was last in a recession, for less than a year, in 1991, and experienced a prolonged one that started in 1982 and lasted until 1984. canada goose chateau parka Wabba said, “There are lessons to be learnt from some other OPEC countries which invested their oil revenues heavily in the acquisition of sovereign assets, both domestically and internationally. Asics Gel Lyte 3 Homme Such countries today are deriving a steady stream of earnings from those assets and are, therefore, less vulnerable to the fiscal crisis occasioned by failing oil revenues.”  
    “Inter-generational considerations require that we build on these existing investments by identifying other profitable endeavours to invest in. Air Max 2013
    What we need is to leverage on the stream of potential earnings from these investments in seeking to turn around the economy.” “We, therefore, call on Nigerians to resist these new schemings by those waiting and wishing to lap up these lucrative national assets. Parajumpers Kodiak St. Johns Jerseys Canada Goose Chilliwack Bomber We need to preserve these assets for our children and future generations,” he said. EQUIPMENT 10 M “On our part, we are ready, in partnership with other progressive and nationalist forces in our country, to resist the further attempt to plunder our common patrimony.”
      “Inter-generational considerations require that we build on these existing investments by identifying other profitable endeavours to invest in. What we need is to leverage on the stream of potential earnings from these investments in seeking to turn around the economy.” “We, therefore, call on Nigerians to resist these new schemings by those waiting and wishing to lap up these lucrative national assets. We need to preserve these assets for our children and future generations,” he said. Canada Goose Westmount Parka “On our part, we are ready, in partnership with other progressive and nationalist forces in our country, to resist the further attempt to plunder our common patrimony.” “Inter-generational considerations require that we build on these existing investments by identifying other profitable endeavours to invest in. Nike Femme Air Jordan 12 Retro What we need is to leverage on the stream of potential earnings from these investments in seeking to turn around the economy.” “We, therefore, call on Nigerians to resist these new schemings by those waiting and wishing to lap up these lucrative national assets. UGG Pas Cher We need to preserve these assets for our children and future generations,” he said.

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