Sale of national assets needed to fund 2016 budget – FG | Nigeria News Today. Your online Nigerian Newspaper f


The Federal Government on Saturday said the proceeds from the sale of some of the country’s national assets would be used to fund the expenditure of government as contained in the 2016 budget.
Minister of Budget and National Planning, Senator Udo Udoma

It said while the government had mapped out key infrastructural projects that would support its economic diversification agenda, the shortfall in revenue had made it difficult for these projects to be executed.

The Minister of Budget and National Planning, Senator Udo Udoma who stated this in a statement issued by his Media Adviser, Mr Akpandem James, explained that the government had lost almost half of its expected revenue this year.

The minister explained that the unfortunate scenario was what prompted the Economic Management Team to urgently work out a fiscal stimulus plan to generate large funds to be injected into the economy.

The funds, he noted,would be injected through proceeds of asset sales, advance payment for license rounds, infrastructure concessioning, use of recovered funds, among others, to reduce the funding gap.

He said the primary objective of government’s fiscal stimulus plan is not to sell off all major critical national assets,but to source immediate funds to reflate the economy to the path of recovery.

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  1. What will u sell to fund 2017 budget?

    1. Good question... They will kuku sell the country as a whole

    2. Good question... They will kuku sell the country as a whole

    3. Good question... They will kuku sell the country as a whole..

  2. What do you expect from a government led by a secondary school drop out? The worst is yet to come

  3. Baba will sell his cattle's in Daura while Thief...ubu will small his private jets airline and Bourdilion in subsequent years to finance the budget till 2018. Then in 2019 they will divide Nigeria and sell some parts to run the budget of the remaining territory and to fight for reelection.
    Hehehehehe! Change dole! Sai Baba!

  4. They Will sell Nigerians as slaves abi?clueless sadistic fools.
    Change dole!

  5. That time they will all sell their testes to finance the budget! Just imagine the sort of mess this wicked selfish incompetent foolish corrupt lying deceitful and ignorant APC government has put Nigeria into.
    This is will go down in history as the worst government in the history of Nigeria.
    Apc! Change dole!
    APC! Werepe Change!
    APC! Kworshiokor change!
    Sai! Baba!

  6. APC government is an embarrassment, a disgrace and a disaster. Where is Tinubu Atiku Rochas Ngige El Rufai Sanusi etc... Selfish sadists. Where is the woman that alledgedly donated
    Her life savings? Where is the great trekker who allegedly trekked from Lagos for Baba and Apc? Deceit jam lies.
    In 2017 and 2018 since there will be no national assets to sell and fund the budgets they and other volunteers should submit themselves also to be sold to fund the years budget. Wailing Wailers!. Muturu Banza!
    Change dole!
    Sai Baba for 2019!

  7. What is actually stopping us from utilising the money recovered from looters? If the nation fails we all suffer the effect. Democracy implies majority having their way while the minority have their say.

  8. Why wouldn't you sell our assets to execute a useless budget? How on earth does anyone with their senses complete and earns less, craft a budget that is by far higher than that of his predecessor who earned more? If Jonathan who earned 100 dollars for each barrel of oil he sold, had a budget of about 5 trillion, what on earth justified Buhari, who knew oil sold for slightly above 30 dollars a barrel to make a budget of over 6 trillion Naira? Doesn't this singular act tell Nigerians the type of leaders we have at the helm of affairs of this great nation? We don enter one chance o!

  9. Come what May,I don't support the idea of selling any national asset.


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