National Assembly tell Buhari to sell refineries, other assets

Experts have advised the Federal Government to consider selling refineries and other assets being used to siphon public resources in order to realise resources required to finance part of its budget deficit of 6.26 trillion naira.

The advice came following statement by the Senate to the Federal Government to reduce its spate of borrowing and high deficit financing.

President MUHAMMADU BUHARI had said during budget presentation before a joint session of the National Assembly that his regime would finance the 6.26 trillion naira deficit contained in the 2022 budget with 5 trillion naira which his administration proposed to borrow from local and foreign sources.