Recession: FG Denies Plan to Sell National Assets, says Consultation in Progress 

By Maxwell Adeleye

The Federal Government has denied reported moves by the President Muhammadu Buhari led administration to sell national assets in order to reflate the economy.

Information Minister, Lai Mohammed who refuted the reports while briefing journalists after the Federal Executive Council meeting   in Abuja today, said the government is still working on the most comprehensive manner to inflate the economy.

Stating that the administration will make public its final position which it is still working on assiduously.

With the Lai also clarifying that the reports being brandied around as regards the sales of the national assets are mere speculations that are also far from the packages that government is coming up with.

Further stressing that only the medium term economic framework was endorsed by the governors who could support or reject decisions on an advisory basis at the National Economic council level.

Meanwhile, the Federal government has also approved a draft National Water Resources Bill.

The bill is to set out a standard national water law that enables the establishment of a proper regulatory agency to regulate the water sector.

According to the Water Resources Minister, Suleiman Adamu, the approval is also a window for those who are interested in investing providing services in the form of water distribution, irrigation and dams development.

He said the bill has also streamline activities of various agencies within the sector whose enabling acts seems to be intertwined and are at conflicts in carrying out their various constitutional mandates.

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