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No recommendation to raise N5tr from assets sale in Economy Recovery Plan

Senator Udo Udoma
Senator Udo Udoma
The Ministry of Budget and National Planning has denied reports that the Federal Government is planning to raise about N5 trillion from assets sale in the next four years.

A statement Akpandem James, Media Adviser to the Minister of Budget and National Planning said that there is no recommendation for such in the Economy Recovery and Growth Plan (ERGP) being finalized by the Federal Government.

Full text of the statement reads:

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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