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NLC restates opposition to sale of national assets

By Owen Akenzua, Asaba   |   10 October 2016   |   1:35 am


The Nigeria Labour Congress (NLC) at the weekend restated its opposition to the Federal Government’s plan to sell the nation’s assets.

The umbrella body of labour unions also maintained it stands by its threat to cripple economic activities should government go ahead with the plan.

NLC President, Ayuba Wabba, stated this position in Asaba when he paid a condolence visit to the Delta State secretariat of the NLC over the death of its state chairman and that of the Nigerian Union of Local Government Employees (NULGE), David Ofoeyeno.

Wabba, told newsmen: “I think we have said many times and even the Federal Government has said it has no intention to do so (sell national assets).”

Government officials have made contrasting comments since the news broke of plans to sell national assets to fund the 2016 national budget.

Minister of Finance, Mrs. Kemi Adeosun had in an interview in Abuja said that the sale of the assets was a better alternative to borrowing, which she said has become too cumbersome for the government to sustain.

“I think there are a number of assets that are being considered (for sale) and I don’t think we have said this one or that one. There are some unused assets that are just lying idle, which people have come and suggested that these things you are not using, can we lease them from you for money?”

“Hence, when they lease them from us, the faces are still going to come to us. So, there are some things the government is sitting on, we don’t have money to do it, it makes sense for me to unlock those things. So, they bring money into the economy at these difficult times so that we can move forward,” the minister was quoted to have said.

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