Business mogul and Billionaire Aliko Dangote has given his opinion on how the Federal government could possible arrest the slide of the economy.
According to Dangote, what the government might need to do is to sell a lot of its assets.
“I think the real challenge for us is now for us to have the political will in terms of selling some assets,” he told the Consumer News and Business Channels (CNBC) Africa yesterday.
“I think it’s an easier route than the IMF (International Monetary Fund) or the World Bank to borrow money, because what you need to do is actually to beef up the reserves.”
Dangote stated that the government should seriously consider selling its assets in some of its joint ventures with the private sector in an open tender process.
He said that Africa Finance Corporation – a development finance institution established in 2007 – would fetch close to $800 million while government s should also look to sell 100 percent of the country’s stake in Nigeria LNG Limited.
He said, “If I had challenges in my company, I would not hesitate to sell assets, to remain afloat, to get to the better times, because it doesn’t make any sense for me to keep any assets and then suffocate the whole organization,”
He also lamented Nigeria’s over-reliance on oil stating that the economy should have long been diversified.
He’s optimistic that Nigeria could bounce back and that the future is bright.
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