The
Federal Government on Saturday adduced reasons why it is imperative for some
national assets to be sold off at this point, explaining that government had
lost almost half of its expected revenue this year.
The
Minister of Budget and National Planning, Senator Udo Udoma who stated this in
a statement issued by his Media Adviser, Mr Akpandem James, disclosed the
proceeds from such sale would be used to fund the expenditure of government as
contained in the 2016 budget.
The
Senate President, Dr. Bukola Saraki, had while welcoming his colleagues
from a two-month recess re-echoed the suggestions of business mogul, Aliko
Dangote, that some of the country’s assets should be sold to steer
Nigeria out of the present recession.
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