Monday 26th June, 2017
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No recommendation to raise N5trn from assets sale - Udoma

No recommendation to raise N5trn from assets sale - Udoma

The Minister of Budget and National Plan­ning, Udo Udoma, has debunked media re­ports indicating that the federal government is plan­ning to raise about N5 tril­lion from assets sale in the next four years.
The said publications had claimed that the projected amount is contained in the Economy Recovery and Growth Plan (ERGP) being finalised by the federal gov­ernment.
But the minister main­tained on Tuesday 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.
A statement by his Media Adviser, Akpandem James, noted that to achieve the strategic objectives of the plan, 60 strategies have been developed for imple­mentation with four key execution priorities.
These, he said include stabilisation of the macro­economic environment, agriculture and food secu­rity, sufficiency in energy (power and petroleum products), industrialisation focusing on Small and Me­dium Scale Enterprises.
According to the min­istry, the focus of the plan is to address current eco­nomic challenges, restore growth, and reposition the economy for sustained in­clusive growth.
“ It is principally targeted at getting the economy out of recession, getting people back to work, moving the country from a consum­ing nation to a producing nation, providing an envi­ronment for ease of doing business and creating jobs, among others.

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