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  • keyboard_arrow_right Sale Of Govt Assets Will Benefit Nigerians, Boost Economy – Zainab Ahmed

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Sale Of Govt Assets Will Benefit Nigerians, Boost Economy – Zainab Ahmed

Etha Ugoh January 22, 2021 47


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Minister of Finance, Zainab Ahmed said the Federal Government’s planned sale of public assets will benefit Nigerians and help to boost the economy.

In an appearance on Channels Television’s Sunrise Daily, Mrs Zainab said some government assets are currently moribund and provide little or no value to Nigerians in their current state.

“There are 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,” the Minister said.

She further said that they are looking at different categories of government assets that government has not been able to manage, that are lying down and in some cases even completely rundown, to cede them off to the private sector.

Mrs Ahmed had earlier revealed the government’s plan to sell public assets to partly finance the N13.58 trillion 2021 budget.

She added that the Bureau of Public Enterprises will begin to coordinate with other arms of government on the asset sales in the first quarter of the year.

” . . . in the last week of December, we had a meeting of the National Council on Privatisation where we approved the annual work plan, the 2021 work plan, for that Bureau of Public Enterprises,” she said.

“And I guess it is in this first quarter that the BPE will now be engaging the Senate committee and other committees they work with to say this is our work plan for the year.”

In a statement on Sunday, civil society group SERAP had asked the National Assembly to stop the federal government from selling public assets to fund the 2021 budget.

The group said the government should, instead, look to identify areas in the budget to cut, such as salaries and allowances for public officials.

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