Bukola Saraki, Nigeria’s senate president, has recommended the sale of some national assets and the utilisation of proceeds for infrastructure development.
This, he said, was necessary for the nation to fight it’s way out of the current recession.
Saraki said this in his welcome address to Senators at the resumption of plenary on Tuesday, September 20, 2016.
“The Executive must raise capital from asset sales and other sources to shore up foreign reserves. This will calm investors, discourage currency speculation and stabilise the economy,” Saraki said.
“The measures should include part sale of NLNG Holdings; reduction of government share in upstream oil joint venture operation; government stake in financial institutions, e.g, African Finance Cooperation; and the privatisation and concessions of major/regional airports and refineries.”
Saraki also urged President Muhammadu Buhari-led executive to “engage in meaningful dialogue with those aggrieved in the Niger Delta”.
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