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Asset sale: Govt yet to decide on what to do, Lai Mohammed says



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.”





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