Reps urge fg to suspend nlng sale

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Reps Urge FG to Suspend NLNG Sale

The Nigerian House of Representatives has urged the Federal Government to suspend the planned sale of the Nigerian Liquefied Natural Gas (NLNG) Limited. The lawmakers made this call during a plenary session on Tuesday, citing concerns over the potential negative impact on the country's economy.

The NLNG is a joint venture between the Federal Government and private investors, and it is one of the country's most successful and profitable companies. The government had announced plans to sell a minority stake in the company to raise funds for infrastructure development.

However, the lawmakers argued that the sale could lead to a loss of control over the company's operations and potentially harm the country's economy. They also expressed concerns over the lack of transparency in the sale process and the potential for corruption.

The Speaker of the House, Femi Gbajabiamila, said that the lawmakers would not support the sale of the NLNG without a thorough review of the process and a guarantee that the country's interests would be protected.

The lawmakers also called on the government to provide more information on the sale process and to engage with stakeholders before proceeding with the sale.

The NLNG has been a major contributor to the country's economy, and its sale could have significant implications for the country's energy sector and overall economic development.