BUDGET DEFICIT: Shehu Sani condemns move by Nigerian govt to sell assets
A former federal lawmaker, Shehu Sani, has berated the Nigerian government over its plan to sell off some significant assets in the country.
Reports emerged that the Federal Government plans to sell or concession some assets located in some parts of the country to fund the deficit of N10.7trn in the 2023 proposed budget.
Some of the assets likely to be affected include Tafawa Balewa Square in Lagos, National Integrated Power Projects in Olorunsogo, Calabar II, Omotosho II and Geregu II plants.
Hydro power plants across the country, including Oyan, Lower Usuma, Katsina-Ala and Giri plants, might also be sold or concessioned.
READ ALSO:‘Shun divide and rule’, Shehu Sani advises university lecturers in aftermath of CONUA registration
It was learnt that no fewer than 25 of such projects would be turned into active assets to facilitate generation of money to the Federal Government while others would be totally sold to reduce waste.
Sani, who reacted to the move on his Twitter handle on Friday, condemned the sale of public assets for private benefits of people in power.
He lamented Nigeria’s humongous debts, domestic and foreign, adding that the move was not in the interest of Nigerians.
He wrote: “After pilling up huge debts for the generation yet unborn, they want to also sell off inherited public assets to themselves,in the name of the budget deficit they created.”
By Ambali Abdulkabeer
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: 4 yrs after completion, Kwara PHC facility inactive, rural dwellers in pains
In the middle of the night sometime in September 2019, Fatimah Ballah struggled with severe pains as she tries to...
INVESTIGATION: How Oyo State, contractors spent N1.1bn on water projects, but communities don’t have a drop
Multimillion naira water projects largely initiated by the late Abiola Ajimobi-led state government in Oyo State to benefit over 40...
INVESTIGATION: In Cross River, civil servants retire into poverty as govt looks away, squanders funds on frivolities
Thousands of civil servants in Cross River State struggle to stay alive as they are denied their gratuities and monthly...
Students suffer as contractors abandon Kano school projects after receiving over N70m
In 2019, to improve the condition of public schools in Kano State, the Federal Government disbursed millions of naira to...
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government...