Recession: ‘Govt Won’t Sell National Assets To Raise N5 Trillion’

Minister of Budget and National Planning, Udoma Udo Udoma
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Minister of Budget and National Planning, Senator Udoma Udo Udoma, has debunked media reports claiming that Federal Government was planning to raise about N5 trillion from assets sale in the next four years.

A statement made available to The Dream Daily in Abuja by Media Adviser to the Minister, Akpandem James, stated:
“The attention of the Ministry of Budget and National Planning has been drawn to publications in a section of the media indicating that the Federal Government is planning to raise about N5 trillion from assets sale in the next four years.
“The publications claim that the projected amount is contained in the Economy Recovery and Growth Plan (ERGP) being finalized by the Federal Government.
“It has become necessary to state that the ERGP that is being finalized and which will soon be presented to the public has no recommendation for raising that amount of revenue from sale of assets.
To achieve the strategic objectives of the plan, 60 strategies have been developed for implementation with four key execution priorities:
 Stabilization of the macroeconomic environment
 Agriculture and food security
 Sufficiency in energy (power and petroleum products)
 Industrialization focusing on Small and Medium Scale Enterprises”


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