Recession: ANAN chief wants assets sold

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Nigeria's Oil refinery, one of the assets being considered for sale
Nigeria’s Oil refinery, one of the assets ANAN wants government to sell

By Afusat Agunbiade-Oladipo

The Kwara Chapter of Association of National Accountant of Nigeria (ANAN), says the sale of public assets is the way forward to end current economic recession in the country.

The state Chairman of association, Mr Ishola Moses made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Ilorin.

He said that the sale of public assets was ideal if the value of the assets would rebound the economy.

Moses, however, appealed to the government to ensure that people of integrity were involved in the sales.

“The Federal Government must engage people of integrity and ensure that the present value of the assets is capable of reviving the economy.

“The government should also sign a memorandum of understanding with the investors on the retention of the workers to check unemployment in the country.”

The chairman noted that in the past, most public assets privatised, were sold at scrap value, and said the approach must be different now.

“I truly support the call for the sale of the country’s national assets only if transparency is applied in the entire process.

“If the right people acquire the assets, it will be better for the country.

“If we must sell the assets, it must be in line with the existing privatisation policy of the country.

“If the assets can be privatised with core investors that have the experience and the wherewithal to run the assets, we will avoid a repeat of the bad experience of the past,” the ANAN chief said.

Moses also called on the government to engage experts in the economic circle nationwide to explore more ways of ending the recession.

He added that the government should also ensure stable electricity supply in the country to woo more foreign investors. (NAN)

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