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Obasanjo Ex-President supports planned sale of national assets

Obasanjo also blamed the recession on Goodluck Jonathan saying that the former president ignored his advice.

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Former President, Olusegun Obasanjo


Former President, Olusegun Obasanjo has said that he is in support of the government’s plan to sell national assets in order to solve the economic crisis in the country.

Obasanjo also blamed the crisis on the Goodluck Jonathan administration saying that the former president ignored his advice on curbing the country’s expenditure.

He made the comments on Tuesday, September 27, at the opening ceremony of the National Council on Finance and Economic Development Conference (NACOFED) in Abeokuta, Ogun State.

“We must begin to do away with things that we can do without and if we must import them, let them attract very high duties,” Obasanjo said according to Punch.

“I do not see why 49 per cent of NNPC cannot be privatized. I think the problem is in the coinage “selling of asset” as if we want to throw out our inheritance. “What we are actually doing by that is simply re-organizing.

“It should however be done transparently and let it actually go public and not to cabals, relations and friends. This is always the fear of Nigerians when issues like this arise,” he added.

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Many Nigerians have criticized the planned sale and the Senate, also on Tuesday, rejected the government’s proposal.

However, Minister of Budget and National Planning, Udoma Udo Udoma has said that the government isn’t planning to sell the assets yet.

Do you support the idea of selling off Federal assets to put an end to the recession?»

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