I have followed with interest the debate on the propriety or otherwise of Federal Governments proposed sale of national
assets to deal with the recession. I will not make any comment on the propriety of the proposed sale. However, I am of the view that the Federal Government needs to do two things:
First, an INVENTORY OF FINANCIAL REQUIREMENTS – How much money do we need? Second, an INVENTORY OF NEED- Where do we put the money? Findings from these inventories will provide a guide for government.
I will also recommend President Obama’s approach to the American Recession. President Buhari should propose to the National Assembly a REINVESTMENT AND RECOVERY BILL and an EMERGENCY ECONOMIC STABILIZATION BILL to stimulate the economy and bailout the ailing financial system.
- Olisa Agbakoba SAN
23rd September 2016