Home News Senate to FG: Don’t Sell National Assets

Senate to FG: Don’t Sell National Assets

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The Senate on Tuesday told the Federal Government that no asset of Nigeria should be sold in the bid to tackle the economic recession facing the country.

Nigerian Senators during Plenary Session
Nigerian Senators during a plenary session

According to The Eagle Online, this was one of the resolutions of the Red Chamber sequel to the consideration of the motion on how to tackle the country’s economic crisis.

The National Economic Council, chaired by the Vice President and made up of the Governors of the 36 States and the Governor of the Central Bank of Nigeria, had last week resolved that some of the country’s assets be sold to tackle the present economic recession.

The move was also supported by the President of the Senate, Dr. Abubakar Bukola Saraki.
It was first mooted by billionaire businessman, Aliko Dangote.

But the Senate on Tuesday resolved that none of the country’s assets should be sold.
Among those proposed for sale are the Nigeria Liquefied Natural Gas Limited and refineries.

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