Governors, ministers back assets sale to fight recession

There was an insight yesterday into the Federal Government’s battle against the recession that has hit the economy.

The government’s plan to exit the recession which got the backing of the National Economic Council (NEC) includes

  • assets sales;
  • advance payment of licence renewals;
  • infrastructure concessioning; and
  • implementation of fiscal stimulus.

The NEC is the highest economic decision body chaired by the vice president. Other members are governors and key ministers in charge of the economy and the Central Bank of Nigeria (CBN) governor.

Some experts and leading politicians have suggested the sale of some assets, saying this will provide the cash to reflate the economy, reopen factories and put money in the people’s pockets.

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