Recession: Expert kicks against sale of FG’s assets - 9JAOlofofo | Nigeia #1 gossip site.


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Monday, 19 September 2016

Recession: Expert kicks against sale of FG’s assets

Prof. Uche Uwaleke, Head, Banking and Finance Department, Nasarawa State University, Keffi, says the country’s economy has not deteriorated to the extent that government will sell off some of its assets to generate revenue.

“I do not think the state of the country’s economy has reached the point where viable national assets such as the NLNG must be sold in order to generate revenue.
“If a country is in a liquidity trap to the point where the government loses the capacity to borrow, then it can sell its assets.
“Then a case can be made for the sale of non critical assets at least to keep the government running.
“Nigeria is not in any liquidity trap and so the issue of selling performing national assets should not arise."

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