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Economic recession: Saraki wants FG to sell off NLNG, ors


Saraki advised FG to sell off NLNG, other assets to raise the capital to develop infrastructure & bail the country from the grip of economic recession.

Senate President, Bukola Saraki has advised Nigerian government to sell off the Nigeria Liquefied Natural Gas Limited and other assets to raise the capital it needs to develop infrastructure and bail out the country from the grip of economic recession.

Saraki gave the advice on Tuesday when he welcomed his colleagues back to the senate after being away on recess in the lasted 8 weeks.

Saraki’s panacea to Nigeria’s ailing economy tallies with advice from Nigeria’s frontline businessman, Aliko Dangote.

Both are encouraging government to sell off NLNG and other assets to pull itself out of recession.

Saraki also advised FG to immediately open a channel of communication with the private sector with a view to restoring confidence in the entire economic structure.

The Senate President calls for meaningful dialogue as a means of resolving crisis in Nigeria’s oil rich Niger-Delta.

The activities of militants have further wreaked havoc on Nigeria’s oil wealth and depleted its revenue there.

As a quick way out of the recession, Saraki calls for immediate injection of funds to ensure full implementation of 2016 budget.

He wants government to come up with immediate strategy such as the provision of social safety nets that could ease the impact of the recession on the people.

To his colleagues, Saraki said it was time to put on their thinking caps and come up with solutions to tackle the problem of hunger in the country.

In doing so, he admonished them to be dispassionate and avoid apportioning blames.

He said what the people expect are solutions and that citizens do not really care about political lineages.

“If you believe in my leadership this is the time to show it by working with the executive”, he said.

Saraki said what he brought them is not a message of despair but hope, confident that his colleagues in the Senate have the capacity to rescue Nigeria from recession.

He urged them to show courage and be bipartisan.

“We have the capacity to make it the shortest recession in the history of our country. 

We cannot afford to fail this generation”, he said.

Saraki however warned that the task at hand requires tough decisions some of which the Senate has already recorded major inroads.

He specifically mentioned the  procurement Act, Railway Bill and the Commercial and Agricultural Credit Bills, which the Senate had passed with the hope of  boosting the economy.

It is however Saraki’s hope that the Senate and indeed the National Assembly would enjoy a measure of respite from crisis as it cannot afford any distraction at such a critical time.

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