Former minister of Education Dr. Oby Ezekwesili took to twitter to warn against selling of National assets.
In a series of tweets, Ezekwesili said " It seems that the default instinct of our political class is "Sell and Spend". Sell oil. Spend. Oil fails? Sell assets. Spend. WON’T WORK!"
It seems that the default instinct of our political class is "Sell and Spend". Sell oil. Spend. Oil fails? Sell assets. Spend. WON’T WORK!
— Oby Ezekwesili (@obyezeks) September 21, 2016
She had earlier stated that the delay by President Muhammudu Buhari led administration is making worse an already bad situation.
She tweeted "This FG was handed a LEMON package by the former but it worsened that heritage by a mix of DELAYS, UNCERTAINTY & WRONG POLICIES. #Recession"
This FG was handed a LEMON package by the former but it worsened that heritage by a mix of DELAYS, UNCERTAINTY & WRONG POLICIES. #Recession
— Oby Ezekwesili (@obyezeks) September 21, 2016
Earlier on Daily Trust reported that Senators on Wednesday kicked against the call for the sale of the country’s national assets. Senate President, Bukola Saraki had on Tuesday advised the Federal government to sell the refineries and airports.
The Senators made the call when they kick started their debate on the state of the country’s economy during Wednesday’s plenary.
Contributing to the debate, the Deputy Senate President, Ike Ekweremadu faulted the call for the disposal of the national assets as suggested by the Senate President.
"I have heard about the issue of selling of our assets. I need to caution that other countries are not doing same. UAE does not even allow you to own oil wells not to talk of selling them, "he said.
He also advised the Federal government to consciously release money into the economy.
"Yes, we are saying that there is no money, the oil price had dropped but we were also told that through the TSA we have about N3trillion somewhere. We were also told that the former minister of petroleum returned $20million. We were also told that politicians have returned several billions of naira, dollars and pounds.
Other times this country went a-borrowing, what followed was a-sorrowing. By all means, borrow to stimulate and RECOVER Growth BUT BE WISE!
— Oby Ezekwesili (@obyezeks) September 21, 2016
Economy can’t get back to the High & Sustainable Growth rates necessary for wealth creation &poverty reduction w/o MACROECONOMIC STABILITY.
— Oby Ezekwesili (@obyezeks) September 21, 2016
Managers of the Economy must RESIST our "wonderful" politicians now chorusing Quick Fixes like "Asset Sale". THERE ARE NO EASY OPTIONS HERE?
— Oby Ezekwesili (@obyezeks) September 21, 2016
