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Government & Politics

Recession: President Buhari is Not Interested in Sale of National Assets

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President Muhammadu Buhari will never sanction the sale of Nigeria’s assets, a report from ThisDay claims.

Quoting sources, the report said the president is silent on the matter so that he would not be accused of expressing his opposition to the notion.

“The sale of national assets is not on the president’s radar at all,” a source who is said to be close to the president reportedly said. “What he is fixated on is on borrowings and as you are aware the Federal Executive Council (FEC) recently gave the Federal Ministry of Finance approval to borrow $29 billion from external sources.”

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Another source also said FG would get about $3 billion from the China Exim Bank for the rail projects within the next few days. This would just be one of several facilities raised by Nigeria to meet its funding gap for infrastructure projects, which is a sure way of ensuring that money trickles down into the economy and employment opportunities are created through the award of contracts, the source added.

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