Saturday, 24 September 2016

Agbakoba Cautions Buhari Against Hasty Sale Of National Assets [READ MORE]

Updated 24  September, 2016
– Former President of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba says President Buhari needs to do two things before selling-off some of the nation’s national assets.

– Recommends that government takes an inventory of financial requirements and an inventory of need before embarking on sale of the assets.

Former President, Nigerian Bar Association, (NBA) Dr. Olisa Agbakoba has cautioned President Muhammadu Buhari against rushing to sell-off some of the country’s national assets. 

Speaking on the backdrop of recent calls by some eminent Nigerians who advocated for the sale of the country’s national assets as a way of reviving the nation’s ailing economy, Agbakoba said Buhari needs to do two things before selling-off some of the nation’s assets. 

According to Vanguard, the legal luminary on Friday, September 23 said before embarking on the sale of the assets, the first thing the government needed to do is take an “ inventory of financial requirements – how much money do we need?” 

He said the second thing that should be done is “an inventory of need- where do we put the money? Findings from these inventories will provide a guide for government.” 

Agbakoba advised President Buhari to adopt the President Obama’s approach to the American Recession by proposing to the National Assembly a reinvestment and recovery bill and an emergency economic stabilization bill to stimulate the economy and bailout the ailing financial system. 

Meanwhile, Senator representing Kaduna central Shehu Sani has declared that all those calling for the sale of national assets because of the economic recession are ‘economic predators’ carrying out ‘heists and roguery’. 

Sani issued this declaration on his Facebook page on Friday, September 23 afternoon. 

The words of the controversial senator hits a wide spectrum of prominent Nigerians who have made this call in recent days such as senate president Bukola Saraki, billionaire businessman Aliko Dangote and Emir of Kano Sanusi Lamido Sanusi among others.

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