The plan has caused controversy in the country with some supporting the sale and others condemning it.
The government’s plan has caused much controversy in the country with some supporting the planned sale and others condemning it.
Three people who have supported the sale are:
Dangote: “I think the real challenge for us is now for us to have the political will in terms of selling some assets. I think it’s an easier route than the IMF (International Monetary Fund) or the World Bank to borrow money, because what you need to do is actually to beef up the reserves.”
Bukola Saraki: “The Executive must raise capital from asset sales and other sources to shore up the foreign reserves. This will calm investors, discourage currency speculation and stabilize the economy.”
Kemi Adeosun: “I think there are lots of assets being considered. There are some unused assets that are just lying idle and people have come and said, ‘These things you are not using, can we lease it from you?”