Nigeria Finance Minister Confirms Plans to Sell Govt Properties to Fund 2021 Budget

Some government-owned properties as well as non-oil assets would be sold by the federal government to fund the 2021 budget.

The Minister of Finance, Zainab Ahmed, disclosed this during the budget presentation ceremony which was done virtually on Tuesday, January 12.

According to her budget presentation titled ‘Public Presentation of 2021 FGN Approved Budget – Breakdown and Highlights’ which has been shared online, the revenue generated from the sale of these assets will be used to fund the deficit of the budget.

The document however did not state the assets to be sold, neither did it state the expected revenue from the sales

In November 2020, the Bureau of Public Enterprise in a document presented to the Senate committee on Privatization disclosed that the Federal government plans to sell the Integrated Power Plants in Geregu, Omotosho, and Calabar at N434 billion in 2021.

The document presented indicated plans by the Federal government to also concession the National Arts Theatre, Tafawa Balewa Square, and all the River Basin Development Authorities at N836 million while the National Stadium in Lagos, the Moshood Abiola Stadium, Abuja, and two others were pegged for concessioning at N100 million.

President Buhari had on December 31, 2020, signed the N13.58 trillion budget for 2021.

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Posted: at 15-01-2021 01:02 PM (3 years ago) | Newbie

This man want to destroy Southern Nigeria before we path ways

Posted: at 15-01-2021 03:07 PM (3 years ago) | Gistmaniac

Irresponsible government. First of all, tell Nigerians one government property that is functional, let alone selling it to fund 2021 budget. You are all disgraceful and shameless. All the monies stolen/looted from Nigeria from 1999 to date should be enough to take good care of innocent suffering Nigerians. When you run a nation without the fear of God, wait for consequences. The wrath of the almighty God spares no one.

Posted: at 15-01-2021 04:02 PM (3 years ago) | Gistmaniac

States can buy those federal government assets instead of private buyers

Posted: at 16-01-2021 03:40 AM (3 years ago) | Newbie