John Alechenu, Abuja

The President of the Senate, Bukola Saraki has recommended the sale of some national assets and the utilisation of proceeds for infrastructure development.

This, he said, was necessary for the nation to fight it’s way out of the current recession.

Saraki said this in his welcome address to Senators at the resumption of plenary on Tuesday.

He said, “The Executive must raise capital from asset sales and other sources to shore up foreign reserves. This will calm investors, discourage currency speculation and stabilise the economy.

“The measures should include part sale of NLNG Holdings; reduction of government share in upstream oil joint venture operation; government stake in financial institutions, e.g, African Finance Cooperation; and the privatisation and concessions of major/regional airports and refineries.”

The Senate President also urged the President Muhammadu Buhari-led executive to among other things engage in meaningful dialogue with those aggrieved in the Niger Delta.

However, the House of Representatives members barely sat for 40 minutes before adjourning plenary for the day.

The Speaker, Yakubu Dogara, announced the demise of three former and one serving member of the House after which he called for Christian and Muslim prayers for the repose of the souls of the departed



http://punchng.com/recession-senate-recommends-sale-national-assets/

[size=20pt]Just sell Nigeria.
[/size]

cckris:
[size=20pt]Just sell Nigeria.
[/size]

Read the thread all over again

It's the Senate not Pmb

If that's what to take us out of where we are now so be it


Thats privatisation

Sell to right hands and not cronies

ok

They don't recommend slash in their loot.

Sell national assets and see all the money go down the drain. And we won't have any asset in the future and no noticeable change.

We should invest heavily in local manufacturing.

UMMM NAWA OOOO SELFISHNESS EVERYWHERE
u no fit cut your salary but make we sell goverment property
awon werey

Saraki as individual or representative of the institution?

Good recommendation tho. Fg should also sale some of the presidential jets. They are mostly not needed

Sale National Assembly chamber also. Let have effective law making hall.

I know the have perfected the plan to sale NLNG starting from that day Dangote voiced it out. However If it the solution call for bidders.

Even when those assets are put up for sales, who among Nigerians will buy them and not be accused of corruption?

The fact remains, unless the FG will sell to foreigners, Dangote and the cronies of Buhari's kitchen cabinet, it wouldn't work.

I will rather we borrow instead of selling our valuable national assets such as NLNG. We can use these national assets as collateral to obtain cheap and long term developmental loans. If we keep selling national assets any time we have economic crisis, what will generate revenue for us in the future?

Sell Buhari first

why not check your remuneration first? why sell the nations asset. these idiots justv refuse to think right