- The National Economic Council has endorsed the plan by Buhari’s government to sell part of national assets
- The governors and the vice president endorsed the way plan to steer the nation out of recession
- Corrupt businessman, Aliko Dangote, indicted Senate president Bukola Saraki, and notorious CBN governor Godwin Emefiele had recommended the sale of some national assets as a desperate way out of the economic recession
Vice President Yemi Osinbajo and 36 state governors, have supported plans by the federal government to sell some national assets as part of efforts to address the ongoing economic recession in Nigeria.
Laolu Akande, Osinbajo’s aide, revealed thiis in a statement, saying that the sale of national assets was one of the recommendations of the Minister of Budget and National Planning, Senator Udo Udoma (SAN), during the National Economic Council meeting on September 22.
He noted that other recommendations comprised the diversification of the economy and the use of recovered loot.
The statement reads: “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.”
Adeosun in her presentation during the meeting disclosed that the balance of the Excess Crude Account was $2.453bn as of September 20, 2016.
On the budget loan support facility for the states the minister told the council that N50bn had so far been paid out to the state governments.
“The delivery target is 400,000 to 500,000 housing units per annum. The ultimate aim of the programme is to channel funds from savers to borrowers so that builders have the required capital to construct and prospective buyers can access credit to purchase,” Minister Adeosun said.
“The fund will attract low cost local and international capital, including from domestic pension and insurance funds, FG funding as well as contributions from state governments and other agencies.”
The Governors of Kebbi state, Abubakar Bagudu; Oyo State, Abiola Ajimobi; and the deputy Governor of Ogun state, Yetunde Onanuga, told reporters after the four-hour meeting that the council members praised the economic management team and endorsed the plan to steer the country out of recession.
Senate president Bukola Saraki has earlier recommended the sale of some national assets and the utilization of proceeds for infrastructure development.
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On Selling Assets: The Vultures Are Anxious To Feast On Nigeria’s Carcass
Vultures are birds of doom. They barely wait for you to be dead before they start ripping you apart. With their long necks and scrawny attires, they wish death on you and quite often bring it on.
When a veritable source told me at the beginning of the “Change” transfer, that Nigeria’s top cabal had loaded some Ghana-must-gos and taken them in the middle of the night to the Senate president’s house, I did not understand what he was buying. Now it is all clear. He was buying Nigeria. This vulture has bought all political parties and every top official he can reach; from those in charge of the nation’s purse to the Senate president, so Nigeria can be strangled and he can feast on its dying carcass.
May the memory of late Umaru Musa Yar’Adua be blessed. May his memory inspire. When former president Olusegun Obasanjo sold Nigeria, including the refineries to the cabal and according to wikileaks, Aliko Dangote dashed him a $35 million private jet as part of his payment, apart from the assurance of his continuous rewards in investment, Yar’Adua kicked in and begun the process of disentangling Obasanjo and Dangote.
To the pleasure of the Bureau of Private Enterprise, BPE, late Yar’Adua overturned the sales of the refineries to Dangote and co. (Forgive me for calling it a sale, because it was more like a gift at the prices Dangote is literally gifted Nigeria’s assets)
Late Yar’Adua did not last much longer thereafter. As he went ahead to disentangle more, with his eyes on overturning the gift of NICON to Elumelu’s Transcorp, he suspected that Obasanjo’s kitchen staff who he had retained, had poisoned him. At this time, according to current presidential spokesman, Garba Shehu as quoted in US Cables, Atiku had warned Yar’Adua that Obasanjo was planning to remove him by any means. Yar’Adua changed the kitchen staff in fear they had poisoned him, and died shortly thereafter as his sickness took a sudden downturn.
Today Saraki and Dangote team up as vultures to shamelessly push for the auctioning of Nigeria’s remaining few assets to the cabal. Saraki obviously doing what he is well compensated for. Are we surprised the notorious usual suspect Godwin Emefiele also shamelessly chipped in to support Dangote’s suggestion that we sell our assets? Dangote after all is called the investor of the cabal, holding their funds (our funds in actuality) and ensuring ‘their’ money yields delicious dividends in ‘businesses’ maintained by government-enforced oligopolies and tax-like impelled exploitations of the masses.
If you dare manufacture what he does, the government will shut you down. If you try to import it, the government will delay your ship till the goods expire. If you wish to compete, the government will stop all masses from accessing forex and sell all subsidized forex to Dangote at the CBN rate thereby effectively shutting you down and wrecking you.
It’s no surprise that while the average Nigerian sees it harder and harder to do business in Nigeria, Dangote laughs to the bank every day declaring humongous quarterly profits, and is a top 20 billionaire in the world. But greed has not satiation. It is never enough. The cabal look at Nigeria and wish it dead and like the vultures, have no shame in wishing they can rip off the meat from the dying carcass. No, they will not give Nigeria out of the billions of dollars they have literally stolen from the nation over the years if indeed they think a few billion dollars is the solution. Rather these scavengers wish to steal more during days of the nation’s desperation that was brought about by their very darned selves.
We might as well sell the rest assets to Dangote, aka “beggar-thy-countrymen,” as he is globally known. What’s left after all? Buhari has continued the trend of feeding Dangote from our putrefying flesh with the hundreds of millions of dollars he has gifted Dangote in forex as Reuters reported, while we as a nation were denied any for our hundred-million employing small businesses and even the little we needed for our fuel for transportation. We are showering in thyme and curry. Come and eat us.
Dr. Peregrino Brimah; @EveryNigerian