No plan to sell any asset, says Fed Govt

The Federal Government yesterday said it has not taken any decision to sell any national asset.

Minister of Budget and National Planning, Sen Udoma Udo Udoma appealed to those opposed to the planned sale of some national assets to exercise patience with the government “as the government is yet to decide on assets sale in its stimulus package.”

Udoma made the disclosure in Abuja at the 57th Annual Conference of the  Nigerian Economic Society (NES) where he stated that the idea of selling national assets “is just a proposal within the stimulus package of the Federal Government to scale up revenue but is yet to be finalised or even agreed on.”

The minister said government will consult widely and hear views on the cost and benefit of the planned sale before any such decision will be made.

He said the administration has several packages and plans that will ensure that Nigeria comes out of the current recession soon and stronger. One of such packages he noted  is the stimulus plan to borrow from the World Bank, African Development Bank (AfDB) and the China Exim Bank.