TheNigerianVoice Online Radio Center

timely sales of National Assets

By Sindiq

Obasanjo sold a refinery for $560 million, late President Yaradua cancelled in 2008 , 8 years later , 2016 the refineries have become worthless

Shale Oil drilling increased in 2012 it was obvious prices of Crude Oil would crash by 2014 , luckily for Shell, Conoco Phillips they sold oil blocs with high production costs per barrel at good prices in Nigeria ahead of the crude oil price crash

Shell, Conoco Phillips are smiling to the banks whereas the Nigerian buyers, financiers , advisers remain stressed up

some new LNG terminals are coming up, LNG technology continues to advance, new technology is also taking shape

the 1st shipment of US Shale GAS arrived Scotland today

the LNG situation might change within 24 months
NITEL should be the case study of delayed asset sale, effects of advancing technology etc

it is time to put sentiment aside, embrace emerging realities as technology advances

‘A kneeling christian is a winning christian.‘
By: Kunle Ogunleye