Amid Nigeria’s fiscal crisis, the Federal Government is compiling the list of assets that will be either sold or ‘concessioned’ to fund the 2023 budget deficit of N10.7tn.
“We have started the process of re- engineering the Ministry of Finance Incorporated, which is an arm of government that has the responsibility of managing government investments.
The BPE’s Head of Public Communications, Mr Uzoma Chidi Ibeh, told The PUNCH that there was no bidder yet for the assets. He said the interest of the government was to have real investors and not firms that would be stripping the nation’s assets. Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, noted that it is a valid argument for the government to consider selling or concessioning redundant assets.
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