Resist Temptation To Sell National Assets, Ezekwesili Advises FG

Oby-EzekwesiliA former Minister of Education, Dr. Oby Ezekwesili, has said that there are no quick fixes to the current economic crisis in the country, just as she advised against unwise borrowing by the Federal Government.

The ex-minister was reacting to the suggestion by some Nigerians, prominent among them Senate President Bukola Saraki and Aliko Dangote, for the FG to sell off some of its national assets to raise much-needed foreign exchange to cushion effects of economic recession.

In a series of tweets yesterday, Ezekwesili said “It seems that the default instinct of our political class is ‘Sell and Spend’. Sell oil. Spend. Oil fails? Sell assets. Spend. WON’T WORK!”

The former World Bank Vice President (Africa), who advised managers of the economy to resist what she termed ‘wonderful’ chorus by politicians to sell national assets, noted that there are no easy options as far as getting Nigeria out of economic recession.

Earlier, she blamed the President Muhammadu Buhari administration’s mix of delays, uncertainty and wrong policies for the worse situation of the economy.

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