• Contact Us
  • About Us
Thursday, October 29, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

2018 budget: AUPCTRE kicks against proposed sale of national assets

metro by metro
December 19, 2017
in News
0
0
SHARES
0
VIEWS

The Amalgamated Union of Public Corporation, Civil Service Technical and Recreational Service Employees (AUPCTRE) has appealed to President Muhammadu Buhari to stop the proposed sale of National Historical Assets to fund the 2018 budget.

Mr Yusuf Zambuk, General Secretary, National Governing Council of AUPCTRE, made the appeal in a statement made available to the News Agency of Nigeria (NAN), on Tuesday in Abuja.

Read Also

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

Two High-speed Trains Collide In Spain, At Least 10 Dead

Netanyahu Survives Another Day With Unexpectedly Clear Backing Of Israeli Jews

Zambuk said that the concept of funding national budget from sales of public assets was a strange phenomenon in public administration, particularly in budgeting.

According to him, national historical assets have immense cultural significance to the nation, especially now that the Federal Government is focusing more on economic diversification.

He listed the affected historical assets to include National Arts Theatre Iganmu, Lagos, Tafawa Balewa Square Lagos and others.

The general secretary said AUCPTRE was concerned about the issue because of the fact that the union had its origin from patriotic struggles of organising workers employed in most public agencies such as  National Arts Theatre.

“Our attention has been drawn to the decision of the Federal Government to sell some National Historical Assets to fund the 2018 budget currently before the National Assembly if the information is true is a strange phenomenon.

“When President Buhari came to power in 2015, his government made a statement that historical assets will not be sold for any reason to any private interest.

“The stand of government was widely supported by the generality of Nigerians in particular and by all patriotic Nigerians.

“ We can therefore, not rationalise the changes in government policy, in particular on sales of public assets to fund annual budget.

” In the light of above submission, we passionately appeal to President Buhari to intervene and stop the proposed sale of National Historical Assets and other national monuments to fund an annual budget,” Zambuk said.

He, therefore, advised the Federal government to look inward to think of other sources that could fund the national budget without selling important assets such as national historical assets.

The Director-General of Budget Office, Mr Ben Akabueze, told the House of Representatives Committee on Finance and Appropriation on Nov. 28  that the Federal Government had concluded plans to sell the Tafawa Balewa Square and the National Arts Theatre to generate sufficient revenue to finance the country’s annual budgets for the next three years (2018-2020).

Tags: AUPCTRE
Previous Post

Innocent Chukwuma, Innoson Motors boss, arrested

Next Post

Ikoyi flat $43 million scandal culprits will be sanctioned — Buhari

Related Posts

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.
News

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

October 28, 2026
Two High-speed Trains Collide In Spain, At Least 10 Dead
News

Two High-speed Trains Collide In Spain, At Least 10 Dead

October 28, 2026
Netanyahu Survives Another Day With Unexpectedly Clear Backing Of Israeli Jews
News

Netanyahu Survives Another Day With Unexpectedly Clear Backing Of Israeli Jews

October 28, 2026
Outrage As Nigeria Panel Says 37 Detained Miners Died From Overcrowding, Neglect
News

Outrage As Nigeria Panel Says 37 Detained Miners Died From Overcrowding, Neglect

October 28, 2026
Next Post

Ikoyi flat $43 million scandal culprits will be sanctioned — Buhari

Student Loan: NELFUND. Announces 14-Day Application Postponement For State Owned Institutions

Relief As NELFUND Introduces Token System To Stop Students From Paying School Fees Twice

October 28, 2026
Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

October 28, 2026
Two High-speed Trains Collide In Spain, At Least 10 Dead

Two High-speed Trains Collide In Spain, At Least 10 Dead

October 28, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version