The Nigerian Senate has rejected the proposed sale of national asset by the federal government.
The senate took the decision, following a motion by Minority Leader, Senator Ali Ndume, urging the upper legislative chamber to reject the proposal for the sale of the nation’s assets.
Ndume said,“I move that the senate oppose the sale of national assets to shore up our reserves.”
Senate President Bukola Saraki put the motion to a voice vote to which “the ayes had it”.
Recall that the senate had last week, debated on ways to get the economy out of recession.
The Senate President had in a 14-point statement, recommended the sale of national assets to shore up the nation’s reserves.
Ndume said,“I move that the senate oppose the sale of national assets to shore up our reserves.”
Senate President Bukola Saraki put the motion to a voice vote to which “the ayes had it”.
Recall that the senate had last week, debated on ways to get the economy out of recession.
The Senate President had in a 14-point statement, recommended the sale of national assets to shore up the nation’s reserves.
The government has suggested that if it eventually adopts the policy, it would insist on a re-purchase clause.
Details soon