To raise funds to shore up deficit in the 2020 budget, there are reports that Nigeria is considering the sale of national assets.
Financial Street reported yesterday that the Minister of Finance, Budget and National Planning, Zainab Ahmed, had on Wednesday, while discussing how the Federal Government intended to finance the budget, stated that proceeds from the privatisation of state assets would be used to reduce the deficit margin in the budget.
The Bureau of Public Enterprises was reviewing the 2020 Privatisation Work Plan which, according to report, was informed by the expected drop in projected revenue accruable to the Federal Government within the year.
Confirming the ongoing review of the privatisation work plan, Director General of BPE, Mr. Alex Okoh, on Thursday said the bureau was carrying out the review to determine which asset sale would be feasible within the year.
“We are reviewing the Privatisation Work Plan for 2020 to determine the transactions that are feasible within the fiscal year in view of the disruption caused by the COVID-19 health pandemic,” he said.
He further disclosed that the review should be ready next week.
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