Tag: National Assets

Breaking: Nigerian Senate Rejects Sale of National Assets

The Nigerian Senate, Tuesday rejected the calls for the sale of the country’s national assets. On its social media handle, the Senate said it “rejected prayer 3 of the recommendations of the Ad Hoc Committee which sought for the sale of National Assets to shore up Foreign Reserve”. This was[Read More…]

Nigerian Government Plans To Sell Its NLNG Shares And No One Knows Who Is Buying

The Federal Government is planning to sell at least five per cent of its shares in the Nigeria Liquefied Natural Gas company. Sources in the Presidency tells PUNCH Newspaper that the move had become necessary as part of efforts to revive the ailing economy. A top official, however, explained that[Read More…]

PENGASSAN Threatens Strike If The Federal Government Sells National Assets

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to go on strike if the Federal Government sells national assets. In a statement in Lagos, the union’s Public Relations’ Officer, Mr Emmanuel Ojugbana, advised the government not to sell the assests in the interest of Nigerians.[Read More…]

Falana Begs EFCC To Probe Emir Sanusi And Prof Soludo Over Alleged Diversion of Funds While In CBN

Following calls by eminent Nigerians that national assets should be sold due to the economic recession facing Nigeria, Human right lawyer, Femi Falana, has called on the Economic and Financial Crimes, EFCC, to probe two former governors of the Central Bank of Nigeria, CBN, Chukwuma Soludo and Lamido Sanusi for[Read More…]

FG Says Proceeds From Sale of Nigeria’s National Assets To Fund 2016 Budget

The Federal Government, on Saturday, said the proceeds from the sale of some of the country’s national assets would be used to fund the expenditure of government as contained in the 2016 budget. It said while the government had mapped out key infrastructural projects that would support its economic diversification[Read More…]

Federal Government And State Governors All Endorsed Sale of National Assets

The National Economic Council, which comprises Vice-President Yemi Osinbajo and 36 state governors, 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 Senior Special Assistant to the Vice-President on Media and Publicity, Mr.[Read More…]