Wednesday, 28 September 2016

No plans to sell national assets-- Nigeria Govt.

Nigeria Minister of budgets and
National Planning, Udo Udoma, has
disclosed that Nigeria has no plans to
sell national assets as a panacea for
the current economic recession
ravaging the country.

Udoma made this disclosure ahead of
the upcoming Nigeria Economic
Summit.
Some Nigeria including Africa’s richest
man Aliko Dangote and President of
the senate, Bukola Saraki had called on
the government to sell-off capital-
intensive but dormant establishment in
the country.
Kicking against the call, the minister
explained that government’s main
strategy is to implement capital
projects in the 2016 budget and source
for funds to reflate the economy.
“ Our goal is to unlock the
economic potentials of the
non-oil and high-
employment sectors, so as
to achieve a sustainable
inclusive growth that will
ensure that the majority of
Nigerians become more
productive, thereby
reducing poverty ”
He said government appreciated that
the down-turn in the economy has
brought hardship to the people, adding
that they are committed to redressing
the situation.
“Our goal is to unlock the economic
potentials of the non-oil and high-
employment sectors, so as to achieve
a sustainable inclusive growth that will
ensure that the majority of Nigerians
become more productive, thereby
reducing poverty,” he said.
Photo: Shehu Sani "Those calling
for sale of Nigeria National
assets are Economic Predators
and Parasite
Udoma reiterated that the strategy is
to reflate the economy through fiscal
stimulus and strategic implementation
of annual budgets.