How To Save The Economy - Dangote

                               

Business mogul Aliko Dangote with his worth of experience as a businessman and Africa richest man said Nigeria can save the current economy crisis by engaging in a wave of sales of National assets.

Dangote who spoke to Consumer News and Business Channels (CNBC) Africa yesterday said 

“I think the real challenge for us is now for us to have the political will in terms of selling some assets,”

“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.”

“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 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.
The Nigerian economy is set to contract on an annual basis in 2016 for the first time in 21 years, with its all-important oil industry suffering under weak global prices.