Governors have expressed support expressed support for the plan proposed by the economic management team to steer the nation out of recession.
The economic team has proposed the sale of some of the nation’s assets to resolve the current economic crisis.
The governors made this known while briefing reporters at the end of the National Economic Council (NEC) meeting presided over by Vice-President Yemi Osinbajo.
The NEC is an advisory body on the economy, comprising of all 36 states governors and the Central Bank governor.
Atiku Bagudu, governor of Kebbi state, said the management team briefed NEC that it was working on plans to “generate immediate larger injection of fund into the economy through: asset sales, advance payment of license renewals, infrastructure concessioning, use of recovered funds to reduce funding gaps”.
He added that the team also spoke on implementation of fiscal stimulus/budget priorities, fast-tracking procedures through legislation and implementation of strategic, implementation plan (SIP) of the budget, meaningful diversification of the economy and cutting down on importation.
“Council members in response commended the economic management team and generally welcomed the presentation and expressed support for the plan to steer the nation out of recession,” he said.
Abiola Ajumobi, governor of Oyo, said the council was briefed on the land use act of 2013, which seeks to make provisions to streamline mortgage transactions and clearly delineate the rights, duties and obligations of a mortgage.
“Other aspects of the draft are: conditions for disposal of proceeds of sale and
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