FG says no plan to raise N5tr from sale of assets

Posted by News Express | 15 February 2017 | 1,833 times

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Akpandem James.

The Ministry of Budget and National Planning has refuted claims in a section of the media indicating that the Federal Government is planning to raise about N5 trillion from assets sale in the next four years.

The publications claim that the projected amount is contained in the Economy Recovery and Growth Plan (ERGP) being finalised by the Federal Government.

In a statement issued in Abuja on Tuesday, Akpandem James, Media Adviser to the Minister of Budget and National Planning, said: “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, the Ministry said 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.”

Source: News Express

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