Barely 48 hours
after the upper legislative chamber of the National Assembly unanimously
rejected the proposed sale of national assets, the Federal Executive Council
(FEC) rose from its meeting on Wednesday and rescinded its decision to dispose
of the assets.
Government had in
view of the current economic recession indicated plans to sell off some of the
nation's critical assets to bail out the country, especially on the need to
meet the budget deficit for 2016.
The president’s
economic management team (EMT) in conjunction with the ministry of budget and
national planning were working on plan to generate immediate larger injection
of fund into the economy through asset sales, advance payment of license
renewals, infrastructure concessioning and use of recovered funds to reduce
funding gaps in the budget implementation to which the national economic
council (NEC) had earlier endorsed.
Alhaji Lai
Muhammed, minister of information and culture, and Suleiman Adamu, his water
resources counterpart, briefed State House correspondents on the outcome of the
meeting,which was presided over by President Muhammadu Buhari.
Muhammed said news
about the sale of assets were in the realm of speculations.
Details later...
Source: Independentnig.com
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