Archive FG not out to sell all national assets -...

FG not out to sell all national assets – Minister

-

- Advertisment -

THE Federal Government, again, clarified its position on the raging controversies surrounding its proposed sales of the nation’s assets as the  Minister of Budget and National Planning, Senator Udo Udoma, has said the real intention of the government is to  sell some national assets, and not all, to enable it to reflate the economy.

Speaking during a briefing at the weekend,  in Lagos, to update the media on the preparation for this year’s edition of the  Nigerian Economic Summit, scheduled for Abuja, between October 10 and 12, Senator Udoma argued that the decision to sell some of the nation’s assets was  informed by the need to generate cash in order to boost the economy.

While urging Nigerians to make very good use of the present crisis that the country was currently experiencing, the minister assured that the  Federal Government was doing everything possible to ensure that the pains of Nigerians were ameliorated.

He stated that the efforts of  government would have been yielding results but for the activism of militants in the Niger Delta, that disrupted oil production in the area.

While commending the organisers for picking the theme: “Made in Nigeria,” Senator Udoma noted that this would go a long way in promoting the administration’s commitment to diversifying the productive base of the economy away from oil.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

COVID-19: Nigeria to Launch 38 oxygen Plants Across the Country

President Muhammadu Buhari has given the go ahead for the launching of at least 36 oxygen plants across the...

Minister Talks Tough On Violence Against Women, Girls

By IJEOMA UKAZU | ...Says Nigeria Must Mainstream Gender Following the high rate of Violence Against Women And Girls, VAWG in...

Christian Aid Appoints First Director Based Outside the UK

Christian Aid has appointed its first director based outside the UK. Nigeria-based Ojobo Ode Atuluku will join the charity at the...

Lauretta Onochie’s Affiliation with APC Makes Her Unfit as INEC National Commissioner – KDI

Kimpact Development Initiative (KDI) has expressed concern on the nomination of Ms. Lauretta Onochie, a political appointee and Senior...

Schools must be Open, Accessible and Safe from Attacks, say African children

African children speak out about how the COVID-19 pandemic tipped an existing education safety crisis to breaking point While the...

Day of the African Child: Nigeria Children Advocates For A Better Continent

By IJEOMA UKAZU |  "There are children out there who are vulnerable to violence, exposed to danger, forced into labour,...

Must read

Minister Talks Tough On Violence Against Women, Girls

By IJEOMA UKAZU | ...Says Nigeria Must Mainstream Gender Following the...
- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: