No Plan To Raise N5trn From Assets Sales – FG
Senator Udo Udoma, Minister of Budget and National Planning[/caption]
The Federal Government has dismissed reports that it plans to raise about N5 trillion from sale of assets in the next four years.
James Akpandem, Media Adviser to the Minister of Budget and National Planning, refuted the reports in a statement on Tuesday.
“The attention of the ministry had been drawn to publications indicating that the Federal Government was planning to raise about N5 trillion from assets sale in the next four years,” the statement read.
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“The publications claim that the projected amount is contained in ERGP being finalised by the Federal Government.
“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, 60 strategies have been developed for implementation with four key execution priorities,’’ he said.
Akpandem further listed four key execution priorities of the ERPG as the stabilization of the macroeconomic environment; agriculture and food security; Sufficiency in energy and Industrialisation, focusing on Small and Medium Scale Enterprises.
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The ERGP is a follow-up to the Strategic Implementation Plan (SIP) which is a short-term economic plan to drive the implementation of the 2017 Budget.
On SIP, the government had promised to deliver a more comprehensive economic recovery and growth plan which is expected to be inaugurated by President Muhammadu Buhari soon.
