’s Policy Advisory Council has proposed the sale of Nigeria’s assets to settle existing federal government debt obligations.
The council called on Tinubu’s administration to set a policy directive that all proceeds from the sale of assets must be used to settle the existing federal government’s debt obligations. The council also recommends privatising, concession or selling down the federal government’s stake in corporate assets to partners and other investors to generate liquidity in short to medium term, with a focus on sub-optimal assets such as NNPCL refineries.
In addition, the advisory council said the administration should address oil theft and pipeline vandalism and substantially grow oil and gas Production.
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