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Recession: ACF Kicks Against Asset Disposal

-Says Convert Public Officers Allowances, Overhead Instead

Gabriel Idibia, Kaduna

Arewa Consultative Forum (ACF), has call on Federal Government to convert unnecessary allowances paid to public officers and overhead costs that forms over 40 percent of the nation’s annual budget to capital allocation and boost the economy with same rather than dispose national assets.

The Forum said that was a better way to take the country out of recession.

Speaking in a statement issued in Kaduna Monday, ACF said government enterprises like Airways, National Shipping Line, Ajaokuta Steel Company, NITEL among other assets that were sold to select Nigerians and their foreign collaborators, in the spirit of privatization, have not delivered services to the people.

According to ACF, government only succeeded in converting public enterprises to private ones as some of the assets later became comatose, while the service delivery of the surviving ones could not be said to be better.

ACF, in the release signed by National Publicity Secretary, Muhammad Ibrahim, said it “considers it unwise for the FG to contemplate the selling of the nation’s major national assets like the oil refineries, Airports, NLNG”.

It however supported some of the measures proposed by the national economy council “but seriously objects to the selling of strategic national assets just to get out of a temporary economic recession”.

Titled “It Is Unwise To Sell National Assets: ACF”, the statement stressed that the call by some prominent politicians, and business tycoons, on federal government to consider the selling of viable assets at this material time is inappropriate.

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