FG: No Plan to Sell Any National Assets
The Federal Government yesterday said it has not taken any decision to sell any national asset.
Minister of Budget and National Planning, Sen Udoma Udo Udoma appealed to those opposed to the planned sale of some national assets to exercise patience with the government “as the government is yet to decide on assets sale in its stimulus package.”
Udoma made the disclosure in Abuja at the 57th Annual Conference of the Nigerian Economic Society (NES) where he stated that the idea of selling national assets “is just a proposal within the stimulus package of the Federal Government to scale up revenue but is yet to be finalised or even agreed on.”
The minister said government will consult widely and hear views on the cost and benefit of the planned sale before any such decision will be made.
He said the administration has several packages and plans that will ensure that Nigeria comes out of the current recession soon and stronger. One of such packages he noted is the stimulus plan to borrow from the World Bank, African Development Bank (AfDB) and the China Exim Bank.
More Stories
FUEL PRICE HAS RENDERED N70,000 MINIMUM WAGE USELESS — NLC
The Nigeria Labour Congress, NLC, said Thursday it would meet with the federal government on how workers could survive the...
PRIVATE EMPLOYERS PAYING BELOW N70,000 RISK JAIL – FG
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning...
BURNA BOY, ODUMODUBLVCK AMONG NOMINEES FOR 2024 BET HIP HOP AWARDS
Nigerian music superstar, Damini Ogulu, popularly known as Burna Boy, and rapper Odumodublvck have been nominated for the 2024 BET...
E-CMR: POLICE TO DISCONTINUE STOPPING VEHICLES FOR DOCUMENT INSPECTIONS
The Nigeria Police Force (NPF) has revealed that with the introduction of the digital Central Motor Registry Information System (e-CMR),...
ABUJA ‘YAHOO BOY’ ALLEGEDLY KIDNAPS LADY FOR RITUAL
A young woman identified as Olivia was reportedly kidnapped and held captive at Top View Hotel in Wuse, Abuja, by...
SENATE TO LEGISLATE LOCAL GOVERNMENT AUTONOMY — AKPABIO
Senate President, Godswill Akpabio, has pledged that the Senate will amend the constitution to ensure the full implementation of...