Review: Selling Assets to Fund the National Budget is Irresponsible – Tunji Andrews

These assets are crucial to Nigeria but it’s not compulsory that they are owned by FG. Therefore, we could concession them to private hands, not sell them!

The Nigerian government is proposing to sell or concession about 36 properties to raise funds to finance the 2021 budget. These properties cut across the energy, industry, communication and infrastructure sectors and are expected to be sold between January 2021 and November 2022.

Tunji Andrews, founder, Awabah Nigeria, thinks these assets are crucial to Nigeria but it’s not compulsory that they are owned by the Federal Government. Therefore, we could concession them to private hands.

But I don’t think we should sell assets to fund budgets. If we sell assets to fund the 2021 budget, what will we sell to fund the 2022 budget? The general problem is the government is DETERMINED not to cut down expenses.

“It’s very clear that if you have shrinking revenue, you should trim down expenses. But the government wants to spend within a reduced revenue. The fact is that we are not making enough money but borrowing or selling off assets is typical of an irresponsible father who has acquired a lot of properties over the years and now that he’s old, he wants to sell them off so he can continue to party and live largely”, Tunji added.

Our legacy and history as a people are as important as funding a budget, it’s worrisome that the government doesn’t see it that way.

Tunji concluded on the issue of government selling crucial national propoerties to fund the 2021 budget.

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