FG Denies Recommendation To Raise N5tn From Sale Of Assets

CHANNELS TV

The Federal Government has distanced itself from reports indicating that it is planning to raise about five trillion Naira from the sale of assets in the next four years.

The government made the declaration on Tuesday in a statement issued by the Media Adviser to the Minister of Budget and National Planning, Akpandem James.

Mr James noted that some publications had claimed that the projected amount was contained in the Economy Recovery and Growth Plan (ERGP) being finalised by the Federal Government.

He, however, stated that there was no recommendation to raise such amount of revenue from the sale of assets.

“It has become necessary to state that the ERGP that is being finalised 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: stabilisation of the macroeconomic environment, agriculture and food security, sufficiency in energy (power and petroleum products) and industrialisation focusing on Small and Medium Scale Enterprises,” the statement said.