DESPITE the National Economic Council (NEC’s) endorsement of the sale of key national assets to enable the Federal Government to raise funds to service the budget, the Minister of Information and and Culture, Lai Mohammed, on Wednesday, maintained that the matter was only in the realm of speculation.
Responding to questions while briefing State House corespondents on the outcome of the Federal Executive Council (FEC) meeting, presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja, he said no decision had been taken in the matter.
According to him, government would soon come out with elaborate measures to pull the country out of the present recession.
Mohammed said: “Government is still working on the most comprehensive manner to reflate the economy and the government will make its position known very very soon.
“What the government will do is to reflate the economy. Everything you have heard so far is just suggestion. Until the government makes its position known, all these assets sale, assets leasing, whatever is being bandied about there are nothing but speculations.
“The government is yet to come out with its position on how to bail out the economy and it will do that very soon.”
When reminded that the NEC had endorsed the assets sale among other decisions of government to reflate the economy, the minister said: “NEC will recommend, but it is the Federal Executive Council that will decide and what we decide will be the position of government.”
Also at the briefing, the Minister of Water Resources, Sulieman Adamu, said the council had approved three memoranda on Water Resources, National Water Policy, National Irrigation Policy and a Draft National Water Resources Bill.
According to him, the “National Water Policy seeks to provide strategies that will improve the management and delivery of water in the country with particular reference to water supply.
He said it was followed by the enabling law known as the National Water Resources Bill, which, he explained, essentially consolidated all the existing laws, the Water Resources Act, the River Basin Development Authority Act, National Water Resources Institute Act, National Hydrological Services Act and other Acts.
He said they were put together to form a national law that conformed with international standard and international best practices.