Former President, Nigeria Bar Association (NBA), Dr. Olisa Agbakoba (SAN), has advised President Muhammadu Buhari to take an inventory of how much the country needs and identify what to do with the money before embarking on raising funds. He said: “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? pointing out that findings from these inventories will provide a guide for government.”
He urged Buhari to toe the path of US President Barack Obama when the American economy went into recession. His words: “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 Stabilisation Bill to stimulate the economy and bailout the ailing financial system.” Read more