Good News; Governors, FG endorse sale of national assets to help solve the economic recession Nigeria is facing.




Governors have expressed support for the plan proposed by the economic management team to steer the nation out of recession. The economic team proposed the sale of some of the nation’s assets to resolve the current economic crisis.
The National Economic Council (NEC), which comprises V.P Osinbajo and 36 state governors, endorsed the plans. The sale of national assets was one of the recommendations of the Minister of Budget and National Planning, Sen. Udo Udoma, during the NEC meeting yesterday.


As part of measures to revive the economy, the President’s Economic Management Team is working on plans to generate immediate larger injection of funds into the economy through assets sale, advance payment of licences renewal, infrastructural concession, use of recovered funds etc. to reduce funding gaps; and implementation of fiscal stimulus/budget priorities.

The government also wants to fast-track procedures through legislation and implementation of Strategic Implementation Plan of the budget; and engage in the meaningful diversification of the economy and cut down importation. With this we should b out of recession in 2 weeks' time.



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