The Senate on Tuesday asked the Federal Government to sell some of the country’s assets in order to quell some of the effects of the economic recession.
Senate President, Bukola Saraki said this in his welcome address to senators at the resumption of plenary.
He said, “The Executive must raise capital from asset sales and other sources to shore up foreign reserves. This will calm investors, discourage currency speculation and stabilise the economy.
“The measures should include part sale of NLNG Holdings; reduction of government share in upstream oil joint venture operation; government stake in financial institutions, e.g, African Finance Cooperation; and the privatisation and concessions of major/regional airports and refineries.”
Recall that Africa’s richest man Aliko Dangote had also proposed the same solution.