Former President Olusegun Obasanjo yesterday backed the call for the
sale of some National assets to revive the current ailing economy.
Obasanjo endorsed the sale of the assets at the opening ceremony of the
National Council On Finance and Economic Development Conference
(NACOFED) in Abeokuta yesterday September 27th.
“I do not see why 49 per cent of NNPC cannot be privatised. 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-organising. 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,” he said
Also speaking at the 2016 World Pension Summit in Abuja yesterday, the
former President said that former state governors who were in office
during his administration contributed to the current economic
recession as they refused his government to save for the rainy day.
“I remember when I was in government and I told, particularly, the
governors, ‘please let us save for the rainy days.’ They said no!. There
was no rain at that time, now that the rain has come; there is nothing
we can fall back on to cushion us.”he said
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