Former President, Nigerian Bar Association, NBA, Dr. Olisa Agbakoba, yesterday, advised President Muhammadu Buhari, against rushing to heed to calls by some eminent Nigerians to sell-off some of the country’s national assets, as a way of reviving the nation’s ailing economy.
According to Agbakoba, President Buhari needs to do two things before selling-off some of the nation’s national assets.
He said first, an Inventory of Financial Requirements – how much money do we (Nigeria) need? as well as an Inventory of Need- Where do we (Nigeria) put the money?
He added that these inventories will provide a guide for the federal government before it embarks on selling off some of the nation’s national assets.
In a statement made available to us, Agbakoba said: “I have followed with interest the debate on the propriety or otherwise of Federal Governments proposed sale of national assets to deal with the recession. I will not make any comment on the propriety of the proposed sale.
“However, I am of the view that the Federal Government needs to do two things: First, an Inventory of Financial Requirements – How much money do we need? Second, an Inventory of Need- Where do we put the money? Findings from these inventories will provide a guide for government.
“I will also recommend President Obama’s approach to the American Recession. President Buhari should propose to the National Assembly a Reinvestment and Recovery Bill and an Emergency Economic Stabilization Bill to stimulate the economy and bailout the ailing financial system.”
DROP YOUR COMMENTS BELOW
Comments
Post a Comment