FG Yet To Decide On Assets Sale—FEC

September 29, 2016
Pix from Vanguard
Pix from Vanguard

By Dipo Olowookere

The Federal Executive Council (FEC) has stated that it was yet to make a decision on the proposed sale of national assets to raise funds to revive the economy.

The position of the council on the matter was made public on Wednesday by the Minister of Information and Culture, Mr Lai Mohammed.

The Minister described the proposed action as mere speculation.

Mr Mohammed, who briefed newsmen after the FEC meeting presided over by President Muhammadu Buhari on Wednesday, said government was still working on how to reflate the economy in the most comprehensive manner and will make its position known very soon.

“What the government will do is to reflate the economy; everything you have heard so far is just suggestion, until the government makes its position known.

“All these assets sale, assets leasing, whatever is being bandied about, they are nothing but speculations. The government is yet to come out with its position on how to bail out the economy.

“NEC will recommend but it is the Federal Executive Council that will decide, and what we decide will be the position of government,” the Minister said.

It would be recalled that almost a week ago, the National Economic Council (NEC) meeting, presided over by the vice president, Yemi Osinbajo, with 23 state governors in attendance, supported the idea of selling off national assets to pump into the economy.

The NEC is the highest economic decision making body in Nigeria.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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