Tinubu’s advisory council recommends sale of assets to settle Nigeria's debt obligations

Nigeria News News

Tinubu’s advisory council recommends sale of assets to settle Nigeria's debt obligations
Nigeria Latest News,Nigeria Headlines
  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

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...

’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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PremiumTimesng /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sudan's conflict enters third month | The Guardian Nigeria News - Nigeria and World NewsSudan's conflict enters third month | The Guardian Nigeria News - Nigeria and World NewsSudan’s devastating war raged into a third month on Thursday, as a governor’s killing marked a new escalation in the western region of Darfur.
Read more »

Nollywood Mourns As Don Brymo Passes Away | The Guardian Nigeria News - Nigeria and World NewsNollywood Mourns As Don Brymo Passes Away | The Guardian Nigeria News - Nigeria and World NewsVeteran Nollywood actor, Uchegbu also known as Don Brymo has passed away. The 56-year-old Uchegbu, who has featured in many movies, reportedly died on Thursday.
Read more »

Turkey drone strikes kill 16 in Syria: monitor | The Guardian Nigeria News - Nigeria and World NewsTurkey drone strikes kill 16 in Syria: monitor | The Guardian Nigeria News - Nigeria and World NewsTurkey has escalated drone attacks on Kurdish-held regions of north and northeast Syria this week, killing 16 people including one civilian in a single day, a war monitor said Thursday.
Read more »

Jesuits expel Slovenian priest accused of sexual abuse | The Guardian Nigeria News - Nigeria and World NewsJesuits expel Slovenian priest accused of sexual abuse | The Guardian Nigeria News - Nigeria and World NewsThe Catholic order of Jesuits, to which Pope Francis belongs, said Thursday it has expelled a Slovenian priest and world-renowned mosaic artist accused of sexual and psychological abuse.
Read more »

Okowa denies misappropriating Delta funds | The Guardian Nigeria News - Nigeria and World NewsOkowa denies misappropriating Delta funds | The Guardian Nigeria News - Nigeria and World NewsFormer Delta State Governor, Dr. Ifeanyi Okowa, denies allegations of misappropriating 13% derivation funds. Refutes claims of using state funds for PDP presidential elections. Urges Chief Edwin Clark to stop disparaging his record of good governance.
Read more »

Morocco hosts Soyinka at 28th book fair | The Guardian Nigeria News - Nigeria and World NewsMorocco hosts Soyinka at 28th book fair | The Guardian Nigeria News - Nigeria and World NewsRenowned author and Nobel Laureate, Professor Wole Soyinka, captivates audiences at the 28th Moroccan book festival. As a special guest, he engages in enlightening conversations and explores historic sites. Check out his memorable visit to Al Qaraouiyine.
Read more »



Render Time: 2025-03-19 01:29:23