The Best Way to Pull Nigeria Out of Recession – Dangote Speaks

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Africa’s richest man, Aliko Dangote, has suggested that selling of assets is a better way for the Nigerian government to boost the country’s recession-hit economy.

“I think the real challenge for us is now for us to have the political will in terms of selling some assets,” he said on Friday according to CNBC Africa.

“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,” he said.

“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 added.