Nigerian Senate Votes Against Sale Of National Asset

By Maxwell Adeleye

The Nigerian Senate has rejected the proposed sale of national asset by the federal government. The Senate took the decision on Tuesday at the resumed plenary after an extensive deliberation. The Buhari administration has proposed the sell some asset to revive the economy. But many Nigerians are opposed to the plan, arguing that previous sales barely helped the nation’s economy. The government has suggested that if it eventually adopts the policy, it would insist on a re-purchase clause. Majority of the senate present voted against the move of the Buhari’s administration whilst few mostly members of the ruling All Progressives Congress from North West voted in support.

Facebook Comments

Check Also

Oil hits hits $62 amid tightening markets, Saudi purge

Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s ...

AfDB lauds Nigeria economic progress, says no move to call off loans

The management of the African Development Bank has debunked the news making the rounds suggesting ...