BREAKING: The Senate Rejects Sale of National Assets

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The Nigerian Senate has rejected the proposed sale of national asset by the federal government.
The senate took the decision, following a motion by Minority Leader, Senator Ali Ndume, urging the upper legislative chamber to reject the proposal for the sale of the nation’s assets.

Ndume said,“I move that ‎the senate oppose the sale of national assets to shore up our reserves.”

Senate President Bukola Saraki put the motion to a voice vote to which “the ayes had it”.

Recall that the senate had last week, debated on ways to get the economy out of recession.

The Senate President had in a 14-point statement, recommended the sale of national assets to shore up the nation’s reserves.

The government has suggested that if it eventually adopts the policy, it would insist on a re-purchase clause.
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