The Nigerian Senate have rejected the plan by the Federal Government to sell National Assets to help arrest the decline in the economy.
The senate came to the decision this afternoon after long discussions and deliberations.
The Federal government had come up with the plan to sell national assets in the hopes that the money gotten from the sale would cover the costs of a lot of things on the 2016 budget.
The FG had also suggested a security measure, stating that they would insert a buy-back clause in any contract they sign so that the asset needn’t be lost forever.
The senate have however now rejected this and another solution to raising funds for the country will now have to be found.