The leadership of the senate has rejected the proposal to sale off the national assets by federal government.
The lawmakers took the decision on Tuesday at the resumption of plenary after extensive deliberation.
Last week, the Senate President, Dr. Bukola Saraki, in his address to his colleagues recommended that the executive should raise capital from the sale of the nation’s assets .
He said the sale of assets would calm investors, discourage currency speculation and stabilise the economy that is in recession.
However, lawmakers are strongly opposed to this recommendation.
The federal government has proposed to sell of the assets to revive the dwindling economy.