SAN FRANCISCO October 05, (THEWILL) – A peace-building organisation, Catalysts for Global Peace Initiative (CPJ), has declared that the proposal to sell some of the country’s assets is a grand conspiracy by some connected people in government.
This was declared by the group in a statement issued on Wednesday by Adebiyi Adekoya, its’s Programmes Director, who said the group decided to pitch its tent with those opposed to the idea having observed the conversations over the issue.
“Those behind the campaign believe the sale of important national assets is the quickest way to raise foreign exchange, shore up the value of the naira, and fund the 2016 budget with a view to getting Nigeria out of recession,” the statement read.
“We join patriotic Nigerians in strongly opposing any move to walk this path. We state our opposition to assets sale on the following grounds:
“The proposal appears to be a grand conspiracy by some connected people in the federal cabinet, the parliament and the private sector to short-change the country.
“It is curious that billionaire businessman Aliko Dangote first suggested the sale of Nigeria’s equities in the Nigeria Liquefied Natural Gas (NLNG) Limited and African Finance Corporation (AFC).
“We found it even more curious that barely a week after Dangote’s suggestion, Senate President Bukola Saraki, Kano Emir Muhammadu Sanusi II, and state governors after a meeting of the National Economic Council (NEC) separately but publicly supported the call for assets sale. The campaign appears too well- coordinated to be a coincidence; it is too smooth to be for common good.
“We remember that previous sale of national assets by previous administrations in the past, to a large extent, did not yield the desired results.
“Indeed those who bought those assets, mostly party loyalists and their business cronies, resorted to asset stripping. There is nothing to show the renewed campaign to sell national assets would end up with a different result.
“We fear that any resort to assets sale could worsen the militancy problem in the Niger Delta, further whittle down our oil revenue, and worsen the decline of the economy.
“We fail to see the wisdom in this step and are inclined to liken this to the ill- advised spending of national savings in the recent past.
“We agree with the informed opinion of knowledgeable professionals, particularly former CBN Governor Charles Soludo, that the idea is derived from a false foundation, akin to chasing pennies while losing pounds.”
