Nigerians oppose asset sales – polls

76 percent of Nigerians has opposed the sales of national assets to finance the current economic recession in the country, NOIpolls results have shown.

According to the survey findings, majority of Nigerians were pessimistic about the chances of getting the economy out of the woods with the proceeds of national assets, the sales of which they maintained will rather worsen the economic situation in the country.

Nigerian populace who were more concerned about the general economic situation in the country however, advised the government to explore other means to salvage the economy from recession before it slips into depression.

Nigeria’s economy has slipped into recession with a 2.06 percent contraction in Gross Domestic Product (GDP) in the second quarter of 2016.

‘’The National Bureau of Statistics earlier reported that the decline has caused the Naira to get weaker, while lower oil prices dragged the oil sector down.

‘’The output shrunk by 0.36 in the first quarter hence, the nominal GDP was 2.73 percent higher at 23.48 million Naira at basic prices.

‘’This growth was lower than the rate recorded in the second quarter of 2015 by 2.44 percent,” NOIPolls findings revealed.

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