Sell 900 billion dead asset, FG Urged

Chairman, presidential advisory committee on the economy Dr Doyin Salami has asked the federal government to sell off dead national assets worth about $900 billion to raise more revenues.

Dr Salami also projected that the base effect of the Nigerian economy would likely fade out in the third and fourth quarters of 2021, “Hence, growth will be lower.”

“To improve revenue, we must block leakages, unlock opportunities at state level, improve tax efficiency and coverage, sell off dead assets, which are estimated at US$900 billion,” Salami said yesterday at a high-level private sector dialogue with the conference of speakers of state legislature. The event was organised by the Nigerian Economic Summit Group (NESG) in Abuja

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