Business
Asset sale: Govt yet to decide on what to do, Lai Mohammed says
Minister of Information and Culture, Alhaji Lai Mohammed has said that the Muhammadu Buhari led Federal Government is yet to decide on the sale of national assets to recover the economy.
He said it was the duty of the Federal Executive Council (FEC), to decide on the matter and not the National Economic Council (NEC). According to him, the NEC, which already has endorsed the sale of national asset, can only recommend but is the FEC that will decide what will be the position of government.
Mohammed who stated this on Wednesday added that it was wrong for anyone to conclude that the Federal Government had concluded plans to sell national assets and described as mere speculations the claims that the government had decided to sell the country’s national assets to raise money.
“Government is still working on the most comprehensive manner to reflate the economy and the government will make its position known very soon.
Read also: Sale of national assets not a bad idea, Obasanjo says
“On what the government will do is to reflate the economy, everything you have heard so far are just suggestions, and until the government makes its position known, all these assets sale, assets leasing, whatever is being bandied about, are nothing but speculations.
“The government is yet to come out with its position on how to bail out the economy and it will do that soon,” he said.
Responding to the fact that NEC had already endorsed the recommendation of the president’s Economic Management Team to sell assets to raise money, he posited, “NEC will recommend but it is the Federal Executive Council that will decide and what we decide will be the position of government.”
RipplesNigeria …without borders, without fears
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...