Channels Television
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Proposed Assets Sale: Enyinnaya Abaribe Says Proceed Could Be Filtered Away - Pt 1
Posted
September 26, 2016
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September 26, 2016
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9:40Now PlayingThe proposed plan to sell off some of Nigeria’s national asset is not a welcome idea for many Nigerians.
One of such is the Chairman, Senate Committee on Power Steel Development and Metallurgy, Enyinnaya Abaribe, who believes such plan is as good as putting the country in the hands of a few people.
He expressed fears that proceeds from sold assets could be filtered away, putting the nation’s in a direr situation.
Mr Enyinnaya Abaribe was speaking on Channels Television’s breakfast programme Sunsire Daily.
"The fear is; assuming you sell everything and it comes in and goes out in the same process without affecting the real sector which is the manufacturing sector, where will you be?
“That is why you see divided opinions in the Senate among those who contributed to the debate on the assets sale proposal. They say, there are several ways in that you can reflate an economy and not just by one set of policy.
“There is a lack of confidence in the economy today and once there is no confidence in the economy you will have who want to find a safe haven,” Senator Abaribe pointed out.
He stressed the need for the government to bring back the people’s confidence.
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