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By John Akinfehinwa  The United Labour Congress (ULC) has condemned in strong terms the planned sale of Ajaokuta steel company by the Buhari-led federal government to finance the 2018 budget. Recall that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, had earlier in the week in Indonesia, said the Federal Government is ready to offer more of its assets for sale soon, under the ongoing privatisation programme aimed at raising more money to implement the country’s 2018 budget deficit. Kogi State chairman of the ULC, Comrade Opaluwa Eleojo, in a statement obtained by DAILY POST on Thursday, stated that the proposed sale is intended to hand over the nation’s patrimony to the friends and cronies of the current government. “The proposed sale is criminal, as it is aimed at depriving the good people of the state their rights. “We shall mobilize the labour movement and civil society groups in the state to resist that open and an official robbery. “We have observed from th...

   The President Muhammadu Buhari led Federal Government is ready to offer Ajaokuta Steel Company and more of Nigeria's assets for sale soon, under the ongoing privatization programme aimed at raising more money to implement the 2018 deficit based budget.  The Governor of the Central Bank of Nigeria, Godwin Emefiele disclosed this yesterday while briefing the Nigerian delegation at the end of the International Monetary Fund/World Bank Group meetings in Bali, Indonesia,  confirming that more assets are in the offing. "I am aware of the situation of Ajaokuta Steel Company of Nigeria. It is also on the cart, first for a total review of the process of privatisation and payment, so that our aluminum sector can eventually come alive. “I am aware, as a member of the National Council on Privatisation, that more are coming and I believe in due course that the Bureau of Public Enterprise (BPE) will make this available for us. “It is a choice we have to make. And at this ...