Nigerian Senate rejects Buhari's proposal to sale off national assetsTuesday, September 27, 2016
The Nigerian Senate has rejected plans by Buhari's administration to sell off national assets to raise money for Nigeria.
The Senate took the decision today at the resumed plenary after 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.
Africa's richest man Aliko Dangote also advised Buhari to sell off the assets so that he will team up with his gang of crooked friends and buy them up.
More details later.