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FG Highlights Benefit Of Selling Government-Owned Property

The federal government has highlighted the things Nigerians stand to benefit from selling some government-owned properties to fund the 2021 budget.

Speaking on Channels TV, the Minister of Finance, Zainab Ahmed, who disclosed this said the properties’ sale would boost the economy.

According to the Minister, many government assets are currently dying and provide little or no value to Nigerians in their current state.

Zainab said some government assets that are dead that can be sold to the private sector to be reactivated and put to use for the benefit of Nigerians.

Government-Owned Property

She noted that the Nigerian government is looking at different categories of government assets that the government has not managed to cede them off to the private sector.

Zainab said the Bureau of Public Enterprises would begin to coordinate with other government arms on the asset sales in the first quarter of this year. in the first quarter of this year

Benefit Of Selling Government-Owned Property
The Minister of Finance, Zainab Ahmed speaks on sales of Government-Owned Property

Everyevery.ng had reported that the Minister has earlier revealed that the Federal government will be selling off some of its assets to fund the deficit in the 2021 budget.

It was gathered that the federal government planned to concede the National Arts Theatre, Tafawa Balewa Square, and all the River Basin Development Authorities at N836 million.

Also, the National Stadium in Lagos, the Moshood Abiola Stadium, Abuja, and two others were pegged for concessioning at N100 million (read more here)

Source
Minister of Finance, Zainab Ahmed

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