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Martins asks Federal Government to consider other options to salvage economy

By Chris Irekamba   |   01 October 2016   |   1:29 am


…Rejects Sale Of National Assets

The Catholic Archbishop of Lagos, Most Rev. Alfred Adewale Martins, has joined other eminent Nigerians calling on President Muhammadu Buhari not to sell off the country’s critical asset in the bid to resuscitate the ailing economy.

The cleric warned that taking such steps at this period in time would be counter-productive.

In a statement signed by the Director of Social Communications, Msgr. Gabriel Osu, and made available to The Guardian, Martins said selling off the national assets in the name of revamping the comatose economy is a wrong decision tantamount to mortgaging the future of the entire country for a short period of palliative.

Wondering why the hurry to offload the assets rather than explore more realistic and far-reaching measures that would take the nation out of the woods without compromising the future of the masses, the cleric said: “There is no guarantee that outright sales of our assets would impact positively on our nation, considering the chequered history of privatisation exercises in past years”

He stated further: “We have seen from time past that selling off our national assets has not yielded much dividend. Indeed, on the contrary, it has been mission in futility.

“Take the case of PHCN, for instance, we are all witnesses to the fact that supply of electricity has not improved, despite the fact that it has long been sold to private individuals.

“We also know what has become of NITEL, and Nigerian Airways. Even then, why should government toy with the idea of selling off a profit-making organisation like the NLNG? Something is not right somewhere.

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