Monday, 26 September 2016

Who would be the buyers of Nigeria’s assets? – Ex-CBN director

Dr Titus Okunronmu, a former Director in the Budgetary Department, Central Bank of Nigeria (CBN), has said that selling the country’s assets to boost the economy will further restrict income.
Okunronmu in Ota, Ogun, said that rather than restrict income the government should redistribute income through untapped resources.
According to him, selling the assets to those in government means that income has further been restricted instead of redistributing income.
What should be done, in my own opinion, is that the Federal Government should utilise untapped resources to boost the economy.
“There should be the immediate fixing of the four refineries at optimal capacity to check the use of scare forex on importation of petroleum products.
“This and other untapped resources will create the platform for our products to be sold to other West African countries as well as generating various employment opportunities,” he said.