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Tinubu, Atiku give Buhari tips on how to end recession

30 September 2016, 11:04

Abuja-  National leader of the APC, Bola Tinubu and former Vice President Atiku Abubakar have advised President Muhammadu Buhari on ways the current recession affecting the country could be ended, Vanguard reports.

Tinubu, the former governor of Lagos state, has said that the economic recession in Nigeria, requires sacrifice from all Nigerians to see the nation come of the tough situation.

Tinubu made the disclosure while speaking at the Chartered Institute of Stockbrokers’ investiture of its president, Oluwaseyi Emmanuel Abe, on Wednesday night, September 28 in Lagos.

According to him, Nigeria is blessed with both human and natural resources, which it can properly harness to come out of the recession.

Also speaking at the event, former vice president Atiku Abubakar, said the country should rely on taxes and not oil.

Atiku noted that Nigeria’s biggest problem is addiction to oil revenues. 

He decried the belief that the country is doomed “unless oil flows and oil money fills the Federation Account for our tiers of government to share.”

The Federal Government has however, said it has not taken any decision to sell any national asset to tackle economic recession according to News24.

Minister of Budget and National Planning, Sen Udoma Udo Udoma appealed to those opposed to the planned sale of some national assets to exercise patience with the government “as the government is yet to decide on assets sale in its stimulus package.”

Udoma made the disclosure in Abuja at the 57th Annual Conference of the  Nigerian Economic Society (NES) where he stated that the idea of selling national assets “is just a proposal within the stimulus package of the Federal Government to scale up revenue but is yet to be finalised or even agreed on.”

- News 24


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