Sunday, March 18, 2018

Senate Reject Proposed Sale of Nigeria’s Asset


The Nigerian Senate has rejected the bid to sell the country’s national asset by the Federal Government.

It will be recalled that Africa’s richest man, Aliko Dangote had suggested the sale of some of the country’s asset as a way of getting out of the current economic recession the country is currently facing. This idea though was rebuffed by many including former Central Bank Governor, Charles Soludo, saying asset’s sold in the past did not do much to improve the economy.

Meanwhile, the Senate took the decision on Tuesday, at the resumption of plenary sitting after serious deliberations. The decision was shared via the Senate Official Twitter handle @NGRsenate.
The tweet read, “The Senate rejected prayer 3 of the recommendations of the Ad Hoc Committee which sought for the sale of National Assets to shore up Foreign Reserve”. This was during the proceeding of Senate Plenary for Tuesday 27th of September 2016.”

Senate Leader, Ali Ndume also stood against the proposed plan to sell off the assets even as other senators backed him. “The senate oppose sale of National Assets to shore up Foreign Reserves”

See tweet below:


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