Friday, 23 September 2016

FG Set To Sell National Assets [SEE LIST]

Updated 23 September, 2016
– The National Economic Council has endorsed the plan by Buhari’s government to sell part of national assets. 

– The governors and the vice president endorsed the way plan to steer the nation out of recession. 

Vice President Yemi Osinbajo and 36 state governors, have supported plans by the federal government to sell some national assets as part of efforts to address the ongoing economic recession in Nigeria. 

Laolu Akande, Osinbajo’s aide, revealed this in a statement, saying that the sale of national assets was one of the recommendations of the Minister of Budget and National Planning, Senator Udo Udoma (SAN), during the National Economic Council meeting on September 22.

He noted that other recommendations comprised the diversification of the economy and the use of recovered loot. 

The statement reads: “As part of measures to revive the economy, the President’s Economic Management Team is working on plans to generate immediate larger injection of funds into the economy through assets sale, advance payment of licences renewal, infrastructural concession, use of recovered funds etc. to reduce funding gaps; and implementation of fiscal stimulus/budget priorities.” 


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