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Recession Ohaneze opposes call for sale of national assets

The Igbo group told the Federal Government to investigate the real cause of the economic crisis, and address it.

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Recession play



Igbo socio-cultural group, Ohaneze Ndi-Igbo has condemned the calls from various sections, for the sale of Nigeria’s assets.

The Igbo group also told the Federal Government to investigate the real cause of the economic crisis, and address it.

According to the President-General of the group, Chief Gary Enwo-Igariwey, said “At this time of our sober reflection, Ohanaeze Ndigbo calls on the Federal Government to reconsider its proposal on the sale of national assets.

“Ohanaeze believes that selling the national assets built and developed by the previous governments in the country might not be the best way to succeed in an enterprise.

“We rather think that it might be better if we look inwards to get to the root cause of the recession and address same rather than sell our hard-earned national assets.”

The leader of the socio-cultural group said un-performing assets in the country can be transformed if well managed.

He said “Agreed that these assets are being poorly managed now and not yielding optimal results, due to some corrupt attitude and misplaced values of those entrusted with managing them, Ohanaeze believes that these assets’ viability will surely manifest when our societal values change, and when men of proficiency ascend to the management of our national enterprise with the full cooperation of our society.

 “We believe that these assets, already acquired, stand at the centre of the economy of this country and if managed well, will give growth and hope to our posterity.

 “Ohanaeze Ndigbo strongly advises against the attempt/proposal to dispose our national assets like the NNPC, the LNG, refineries at this point in time.”

Former Vice-President, Atiku Abubakar, also called for the restructuring of government’s finances, saying the economic model of Nigeria is not working.

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