Nigeria Plans to Leverage NLNG Dividends to Bolster Naira’s Value
The Nigerian government, led by President Bola Ahmed Tinubu, is considering using dividends earned from the Nigeria Liquefied Natural Gas (NLNG) Limited to secure loans. This move aims to prevent further devaluation of the naira and address the economic challenges resulting from the currency’s decline. The government plans to securitize NLNG dividends by using them…