Former President, Olusegun Obasanjo is in support of the government’s plan to sell off some assets to raise much needed funds to get Nigeria out of the current recession.
Obasanjo also said that the country needs to begin earning more than it spends if it wants to get out of the economic crisis.
Below are three tips the former president gave on how to sell the national assets successfully:
“We must begin to do away with things that we can do without and if we must import them, let them attract very high duties.”
“I do not see why 49 per cent of NNPC cannot be privatized. I think the problem is in the coinage “selling of asset” as if we want to throw out our inheritance. What we are actually doing by that is simply re-organizing.”
“It should however be done transparently and let it actually go public and not to cabals, relations and friends. This is always the fear of Nigerians when issues like this arise.”
Obasanjo made the comments on Tuesday, September 27, at the opening ceremony of the National Council on Finance and Economic Development Conference (NACOFED) in Abeokuta, Ogun State.