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Lai Mohammed Minister says reports of FG planning to sell assets are speculations

Mohammed said the government has not made its official position on the matter known yet.

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Minister of Information and Culture, Lai Mohammed

(EMCOAN)

The Minister of information, Lai Mohammed has described as speculations, reports in the media that the Federal Government is planning to sell national assets to boost its foreign reserves.

Mohammed said the government has not made its official position on the matter known yet.

This is coming on the heels of the Senate’s unanimous rejection of the planned sale of national assets.

The minister also said “‎Government is still working on the most comprehensive manner to reflate the economy and the government will make its position known very soon,” he said.

“What the government will do is to reflate the economy, everything you have heard so far is just suggestion, until the government makes its position known, all these asset sale, asset leasing, whatever … being bandied about there are nothing but speculations. The government is yet to come out with its position on how to bail out the economy and it will do that very soon.

“NEC will recommend but it is the federal executive council that will decide and what we decide will be the position of government.”

The Federal Government recently accused “The Economist” newspaper of racism, prejudice and denigration of its effort at national re-orientation.

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