Former
President Olusegun Obasanjo on Tuesday threw his backings on the proposed sale
of national assets but said the problem was in the coinage.
Obasanjo
said this in Abeokuta at the opening ceremony of the National Council On
Finance and Economic Development Conference (NACOFED).
The
theme of the conference is “Enhancing Revenue Generation and Obtaining Best
Value for Money in Expenditure”.
According
to Obasanjo, “We must begin to do away with things that we can do without and
if we must import them, let them attract very high duties,” he said.
Obasanjo
who backed the call for the sale of some national assets to raise money,
described such act as natural. The former president said port authorities and
Nigeria National Petroleum Corporation (NNPC) were part of assets that Nigeria
could partly sell to generate fund.
“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.
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