Senate To Buhari – “Don’t Sell National Assets”

Senate To Buhari – “Don’t Sell National Assets”

Senate To Buhari – “Don’t Sell National Assets”.

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. Read Full Story about: Senate To Buhari – “Don’t Sell National Assets” Below:


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.

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” It is either that this is not true or that the money is somewhere and if it is not true someone needs to apologise to us and state the correct thing and if it is true this money has to be released to contractors so that contractors can be able to go to work and money will circulate, “he said.

Ekweremadu also advised the Federal government to renegotiate the terms of engagement with the country’s oil majors saying, a situation where the production cost in Nigeria is between $18 to $24 is unacceptable and it is not happening anywhere in the world.”

Also, a former governor of Benue state, Senator George Akume asked the Federal Government to retain its ownership of the national assets.

Akume urged the FG to intensify efforts at recovering stolen funds.

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“If we want to dispose our national assets at this time when the price of oil has crashed, precisely how much are we going to realise? We are making a mistake here. Those who want us to dispose our assets have deep pockets. Our nation’s assets must not be sold, “he said.

On his part, Senator Mohammed Danjuma Goje (APC, Gombe central) backed the call for the sale of the National assets.

“What do we need the national assets for? Even when as individuals we dispose our assets when we need money. What do we need these assets for when Nigerians are hungry?

The debate continues tomorrow.

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