Sale of National Assets to fund ‘2016 Padded budget’

Sale of National Assets to fund ‘2016 Padded budget’

The Assistant Editor of Aljazirah Nigeria, Gbenga Odunsi, expresses his personal opinion on the proposed sale of national assets.

The Federal government of Nigeria has concluded plans to offset some of the critical assets of the nation as a way out of the economic recession, and to fund the 2016 budget. It would be recalled that the 2016 budget had come under heavy controversies and allegations that it was padded by some lawmakers. The controversial budget which totals 6.07 trillion Naira has not been fully implemented since approval.

Few questions are begging for answers.

  1. The year is already running to an end. Why the need to sell national assets to fund its padded budget?
  2. What will FG sell to fund 2017 budget. Nigerians?
  3. Where are the recovered, borrowed and all the media propaganda monies, including TSA, removal of subsidy funds?
  4. How come FG is still borrowing to fund 6.07 trillion Naira budget when it has generated over N13.2 trillion Naira?

It would be recalled that Former president Olusegun Obasanjo sold NITEL, Goodluck Jonathan sold NEPA, and now, President Buhari wants to sell NLNG. Let me preempt. The next Nigeria President would sell Coal Corporation, Water Corporation., and other National assets.

Soon, the FG will be left with no choice than to sell government houses, local government secretariats, Aso rock and God forbid, servants will be placed in batches for auction sales. What a country!

To conclude, if the FG thinks and believes it is indeed important and necessary to sell the country’s assets to fund 2016 padded budget, then they should start by selling the excess presidential jets, and reduce NASS to one chamber.

The above view does not necessarily represent the view of Aljazirah Nigeria Newspaper

 

Nigerian Online Newspaper=

Share This:

Related Posts

UNDERCOVER INVESTIGATION: Bribery, Corruption — How NAFDAC o... For two weeks, Gbenga Odunsi of AljazirahNigeria visited the National Agency for Food and Drug Administration and Control, NAFDAC to ascertain whether the corruption story making the rounds on social media is true or false. His findings evinced that corruption is not only the cankerworm rocking NAFD...
Pains, torment of being a tenant in Abuja By Gbenga Odunsi, Abuja In advanced countries, housing is a form of social product, it is governmental provision for the citizenry, although not free, the government has a technique of making it comfortable for her citizens. Here in Nigeria, the reverse is the case. A landlord could wake up on...
Exposing the Shell Oil job scam; A Nigerian narrates his enc... By Gbenga Odunsi, Abuja In recent times, Nigerians have had their own fair share of being scammed by unemployed youths, who would go to any length to ensure they survive amid economic hardship. Gbenga Odunsi, in this piece, shares his personal encounter with job scammers, and further reveals thei...
Youth Inclusion in Governance: Way forward for the giant of ... By Gbenga Odunsi Nigeria attained the age 57 with a low-key independence celebration in all parts of the country. Interestingly, Nigeria remains the most populous country in Africa, and the 7th most populous country in the world. The UN Department of Economic and Social Affairs, has projected Nig...
REVEALED: APC candidate for Anambra election set to pick IPO... By Gbenga Odunsi, Abuja All attention is shifted to the November 18 Anambra State Governorship election in Nigeria as all the political parties contesting for the seat of power have declared readiness for another change of guard. The All Progressive Congress (APC) has endorsed and forwarded to...
EDITORIAL: FG’s sluggish response to Benue flood is a heavy ... An estimated 110,000 people were reportedly left homeless by the flood that sacked some communities in Benue State penultimate week, AljazirahNigeria recalls. Apart from rendering thousands homeless, the disaster also washed away villages, farmlands and food storage facilities among others. Ph...
Reasons why Buhari’s London doctor jettisoned already schedu... By Gbenga Odunsi, Abuja One of the medical physicians of President Buhari has cancelled an already scheduled interview with AljazirahNigeria. It would be recalled that the physician, who is certified in Anatomic Pathology had in July revealed to our correspondent all medical issues surrounding...
SHOCKING: How Buhari’s 103 days in London cost Nigeria N400m... By Gbenga Odunsi, Abuja The medical vacation of President Muhammadu Buhari in London is still a trending topic in Nigeria. It has been a total of 103 days since President Muhammadu Buhari left Nigeria for a second medical vacation in the United Kingdom, and he returned on Saturday, the 19th da...
FEATURE: Quality education for children in IDPs camps By Mariam Sanni, Abuja Since 2009, Boko Haram have abducted more than 2000 women and girls. Over 27 million children are estimated to lack access to education, many are being used for suicide bombings, as sex slaves and countless other vices. For these children, not only is their educational d...
Resume or Resign: Nigerians to hold night vigil protest in L... By Gbenga Odunsi, Abuja Nigerians in the United Kingdom have launched a new wave of protest aimed at compelling President Mohammadu Buhari to resume or resign. AljazirahNigeria gathered that there will be a Night Vigil Resume or Resign protest at Abuja House in London this Friday 18th August. ...
Drama behind Saraki’s pension: Who is fooling who? By Gbenga Odunsi, Abuja In July, the Socio-Economic Rights and Accountability Project (SERAP) asked Abubakar Malami, Attorney-General of the Federation and Minister of Justice, to institute legal action on behalf of Nigerian people to recover over N40 billion dubiously earned in double payments b...
REVEALED: How Buhari’s aide, Femi Adesina is connected... By Gbenga Odunsi, Abuja Some Nigerians on Thursday morning stormed Abuja, the nation’s capital in support of the President Muhammadu Buhari-led government. The protesters who are members of the Coalition for Good Governance and Change Initiative group were spotted at Unity Fountain, carrying p...
Anti-Buhari Protest: Freedom of expression under attack in N... By Gbenga Odunsi Several criticisms have trailed the policies of the Buhari-led administration, as most of them have posed a serious threat to the nation’s economic growth. However, indications have shown that criticizing President Buhari’s policies could lead people to probe or arrest. This pos...