The Nigerian Senate on Tuesday, September 27 has rejected the proposal to sale federal government assets.
It was decided after extensive deliberation by the Senate during the proceeding of Senate Plenary yesterday at the National Assembly, not to sell national assets; oil and non-oil, and they quote:
“The Senate rejected prayer 3 of the recommendations of the Ad Hoc Committee which sought for the sale of National Assets to shore up Foreign Reserve, ” Senate leader, Ali Ndume.
President Muhammadu Buhari administration had proposed the sell some asset to revive the economy which has sparks controversial arguments from across the country. Many Nigerians are opposed to the plan, arguing that previous sales barely helped the nation’s economy.
Although, government has suggested that if it eventually adopts the policy, it would insist on a re-purchase clause.
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