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NLC rejects call to sell national assets

NLC protest

The Nigeria Labour Congress (NLC) has rejected calls for the sale of national assets to help stimulate the economy.

In a statement on Thursday by its Chairman Aliyu Wabba, the NLC said it would resist calls for the sale of Nigeria’s shares in Nigeria Liquefied Natural Gas (NLNG) by billionaire Aliko Dangote.

He said, “The recent call by Alhaji Aliko Dangote for the sale of the national share holdings in the NLNG 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 stemming the current economic recession are unacceptable to us at the Nigeria Labour Congress.

“Investments in the LNLG and joint venture oil upstream operations are profitable and represent potential sources of revenue into the future.

“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.

“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.”

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