FG Target N493.4bn Revenue From National Assets’ Sale

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Zainab Ahmed Minister of Finance, Budget & National Planning.

The Federal Government plans to earn a total of N493.4bn from the sale or concession of about 36 of its assets across the country.

Some of the assets up for sale or concession include the country’s refineries, the International Conference Centre in Abuja, Yola Electricity Distribution Company, Zungeru Hydro Power, Tafawa Belewa Square, among others.

The assets and the projected amount expected from their sale or concession were contained in a document that was put together by the Bureau of Public Enterprises.

The document showed that the properties were classified under energy assets, industries and communication department, as well as development institutions and natural resources.

Others include infrastructure and public private partnership and post transaction management department.

The Federal Government had made it clear that it would sell or give out in concession some of its assets in order to raise funds to finance the 2021 budget.

In January 2021, the Minister of Finance, Budget and National, Zainab Ahmed, told lawmakers that the Federal Government would sell selected properties to fund this year’s budget.

Aside from selling some of its assets, she said the Federal Government would also engage in domestic and foreign borrowings to fund the 2021 budget.

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