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FG Concludes to Sell National Assets

The National Economic Council has endorsed plans by the Federal Government to sell some national assets as part of efforts to address the current economic recession in the country.
The council comprises Vice-President Yemi Osinbajo and the 36 state governors.
The six key assets up for sale are the:

1. Government shares in Joint Venture Companies (JVCs) 2. Government shares in Nigeria Liquefied Natural Gas (NLNG) 3. Some aircraft in the presidential fleet 4. Kaduna refinery 5. Warri refinery 6. Port Harcourt refinery.

The sale of national assets was one of the recommendations of the Minister of Budget and National Planning during the National Economic Council meeting on Thursday.
Other recommendations, he stated, included the diversification of the economy and the use of recovered loot.

However, the Nigeria Labour Congress has kicked against the sale of the country’s National assests. NLC’s President, Ayuba Wabba called on Nigerians to resist the surreptitious moves by some businessmen and the political class to acquire the remaining national assets which he said should be preserved in the interest of future generations.

He said the NLC was prepared to join forces with other progressive movements in the country to resist the current moves to plunder the nation’s assets.
He said it was in the interest of generations of Nigerians for the existing investments to be developed by investing in profitable areas.

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