THE Nigerian Senate, this afternoon, September 27, rejected the proposed sale of national asset by the federal government.
The Senate took the decision on Tuesday at the resumed plenary after some rigorous deliberation.
Last week, the National Executive Council, NEC, had proposed the sell some asset to revive the economy. Bukola Saraki, Senate president, had primarily set the agenda for the debate when in his welcome address last Tuesday, September 20, proposed the sale of some national assets to finance the current budget.
But a cross section of Nigerians, including labour leaders have kicked against the proposal, arguing that previous sales had not benefited the country in any way.
The government has suggested that if it eventually adopts the policy, it would insist on a re-purchase clause.
— Sep 27, 2016 @ 14:15 GMT