President Muhammadu Buhari has directed the ministry of finance, led by Zainab Ahmed, to sell all recovered and liability-free assets in six months. A number of politicians and former government officials will be affected by this because some assets have been seized in the course of the war against corruption embarked on by the Buhari administration.
Speaking on Tuesday while briefing the house of representatives joint committee on finance, appropriation, planning and economic development, Udoma Udo Udoma, the minister of budget and national planning, said the federal government is determined to improve its revenue generation in 2019.
“The Ministry of Finance, working with all the relevant authorities, has been authorized to take action to liquidate all recovered, unencumbered assets within six months,” he said.
“The Department of Petroleum Resources has been directed to, within three months, complete the collection of past-due oil license and royalty charges, including those due from Nigerian Petroleum Development Company (NPDC) (a subsidiary of NNPC), which it had agreed to pay since 2017.”
Udoma told the lawmakers that the president has directed that work should be concluded on the deployment of the National Trade Window to enhance customs collections efficiency from the current 64% to up to 90% over the next few years. He attributed the government’s inability to meet its revenue target in 2018 to the non-implementation of some one-off items.
According to Udoma, these items include the N710 billion from Oil Joint Venture Asset restructuring and N320 billion from the revision of the Oil Production Sharing Contract legislation/terms, which have now been rolled over to 2019.
Speaking on the production quota agreed on by the Organisation of Petroleum Exporting Countries, the minister explained that there is no quota set for condensates.
“Mr. President has directed the NNPC to take all possible measures to achieve the targeted oil production of 2.3 million barrels per day.” He explained that in allocating funds in the 2019 budget proposals, priority was given to critical infrastructure projects.

https://www.thecable.ng/buhari-finance-ministry-sell-all-recovered-assets

Nice one,.. The money should be used strictly to develop Nigeria and create employment.

Nigeria will be great again..

Gobe

And who will buy these "recovered assets"?

Egunje


I build websites and I am based in Abuja, see my signature

livelymatilda22:
Nice one,.. The money should be used strictly to develop Nigeria and create employment.

Are you not a Nigerian?



I build websites and I am based in Abuja, see my signature

Ok

How many of those assets were recovered from APC thieves?

Piglets must find a way to blame buhari for this


.

No matter what the president does, some people will still dissaprove of it. They will always hope things go bad just to proove their evil points.


See you don't need to belong to a coven or be sucking blood at night to be a witch or wizard.


If you are fond of wishing and hoping things go bad to prove 'your point' against Buhari, you've already crossed that line!


If you're hoping things go bad for Nigeria just to make your assertions right, you're EVIL!


Renew your mind!

Mama Peace take.......

Who will buy?
Cos they will still collect it from the proposed buyer and resell it.

No sane person would buy those assets.

Hello, I'm very interested in mama peace hotel.

Let me go and get money.... Buying don start

And keep the kudi for personal Treasury account.
The lifeless one is a thief, no doubt

Isoright

A move in the right direction, hope that the proceeds from the sale ll be judiciously utilized in infrastructural development and not business as usual.

The assets must not be sold cheaply and the proceeds must be spent judiciously . Channel the proceeds on infrastructural or educational improvement. God bless Nigeria...

one chance...

All na scam. They’re gonna buy it themselves at ridiculous prices!