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We’re opposed to assets’ sale, not concessioning – Senate

Following the Senate’s refusal to throw its weight behind the proposed sale of national assets by the federal government, the Red Chamber has said that further consideration into the matter is not foreclosed, as concession remains another viable option.


Majority Leader of the Senate, Senator Mohammed Ali Ndume, made the disclosure while briefing journalists in his office at the National Assembly, Abuja, at the weekend.

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Recall that the federal government had recently considered the sale of critical national assets in order to raise funds to end the current economic recession in the country.

Senator Ndume said the reason behind the Senate’s rejection of the sale of assets as contained in its recommendations to President Muhammadu Buhari last week, was due to non-adherence to constitutional provisions for the planned sale.

According to the Senate Leader, further consideration into the matter was not foreclosed, since the federal government could go ahead with concession plans of some assets, a decision which he maintained the senate was not opposed to in anyway.

“The Senate of the federal republic of Nigeria in its recommendations rejected the sales of national assets as a way out of the country’s economic problems. Let me however make it clear that what prompted its decision was because the process was without recourse to the laid constitutional provisions of doing so.

“However, it is safe to say much as the Senate rejects the sales of our nation assets, there is the other option of concessioning which we are open to. As such, it cannot be said the matter is foreclosed.

“Under concessioning agreement, the nation will over time take back these assets after being run and managed by those with whom a Memorandum of Understanding was entered into,” Ndume added.

5 Comments on We’re opposed to assets’ sale, not concessioning – Senate

  1. Very good


  2. Kingsley White // October 3, 2016 at 2:33 pm // Reply

    Yes we opposed that, once we sell our asset, we are no longer the ownership of it again


  3. Good to hear


  4. Any country with people like Ali Ndume as a leader is cursed. On the other hand, all those planning to sell national assets to fund 2016 budget are public treasury robbers and should be charged for jobbery and if convicted should be made not only to go jail but barred from holding public office again for life.


  5. Hahaha, dont worry one day another govenment we say they want to sale nigeria…all i know is, the bible told us that all this will come and we are seen it now. It is possible that such pple we rule for the prophecy to come


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