The Nigerian Labour Congress (NLC) critics and said it is unacceptable, the recent calls 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 stemming the current economic recession.
NLC, through a statement signed by its President Comrade Ayuba Wabba, while expressing disappointment with the views, said “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. 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.
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