"So it cannot be a bailout because no private company will buy over a project if it is a bailout," he told reporters after launching a people's housing project at Kampung Pirasan on Sunday.
Bernama reported Najib as saying that the Government does not want the controversy surrounding the Tabung Haji land deal with 1Malaysia Development Bhd (1MDB) to be prolonged.
He said the issue had been twisted to make the deal look as if Tabung Haji was using depositors' money to save 1MDB out of its financial woes.
"We do not want to continue with this controversy because it will take away a lot of our energy in terms of concentrating on some of the big programmes that we have in mind," he said.
He was asked to comment on Tabung Haji's announcement that it would sell off the land it purchased from 1MDB.
The transaction came under heavy fire from various quarters, including former prime minister Tun Dr Mahathir Mohamad and non-governmental organisations.