Senator Shehu Sani
Senator Shehu Sani

Senator, ShehuSani, has described proponents of sale of the country’s national asset as “economic predators and profiteers who want to take advantage of the situation in the country.”
Sani, who is the Chairman, Senate Committee on Foreign and Local Debts, said in a statement yesterday that “Nigeria’s capitalist forces raped Nigeria to recession and now they want to kill and bury it.”
Nigeria is currently going through one of the worst recessions in its history, due to the crash in oil prices.
Nigeria’s business mogul and Africa’s richest man, AlikoDangote, recently suggested that it makes more economic sense to sell off the country’s remaining asset like the multi-billion dollar Nigeria Liquefied Natural Gas Limited, NLNGL and the Nigeria National Petroleum Corporation Joint Ventures, and use the proceeds to help the economy out of recession.
AlhajiDangote’s suggestion, backed by the Senate President, BukolaSaraki, and the Governor of Central Bank, Godwin Emefiele, sparked off intense debate among Nigerians.
The Chairman, Senate Committee on Foreign and Local Debts, who is from Kaduna State, condemned the suggestion as being against the interest of the nation. He said privatization in Nigeria has not delivered the much anticipated efficiency and services other than enrich a few fronts and their masters.
“There is currently nothing to show for the sale of government houses, (and) firms. The advocates of sale of our collective national asset simply want to dispossess Nigerians and expand their business empire.

READ ALSO  Kano Assembly orders removal of Kwankwasiyya inscriptions on public buildings

“They call themselves private sector and business men; they refused to invest in agriculture, solid minerals or science and technology, they simply want to buy off profitable public asset.
“There are no captains of industry in Nigeria other than crony businessmen, rent seekers, commission agents who depend on patronage from government.
Senator Sani therefore added that the country’s businessmen prefer to buy off “ready-made” oil wells and gas from the Niger Delta, instead of investing funds to find oil and gas in Lake Chad and Benue trough.
He called on Nigerians to rise up against any attempt to sell the country’s asset, arguing that, “Selling our national asset to stem recession is like selling ones lungs to buy food.
“Recession should excite innovation and ideas and not justify roguery. Nigeria’s poor have always lived under systemic recession and depression and on the edge of extinction,” he said.
Meanwhile,the National Economic Council (NEC), which comprises Vice-President YemiOsinbajo 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. LaoluAkande, said in a statement that the sale of national assets was one of the recommendations of the Minister of Budget and National Planning, Senator UdoUdoma (SAN), during the National Economic Council meeting on Thursday. Other recommendations, he stated, included the diversification of the economy and the use of recovered loot.
The statement added that 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.”

READ ALSO  INEC re-schedules Borno Central by-election to Oct 31

Ad:See How you can turn $500 into $10,000 Click HERE For Details.