'Sale Of Govt Assets Will Benefit Nigerians, Boost Economy' – Finance Minister

The federal government has backed its planned move to sell some supposedly moribund public assets.

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

The Minister of Finance, Zainab Ahmed, on Friday, said the Federal Government’s planned sale of public assets will benefit Nigerians.

In an appearance on Channels Television’s Sunrise Daily, Mrs Ahmed, who is also the Minister of Budget and National Planning, said some government assets are currently moribund and provide little or no value to Nigerians in their current state.

Ahmed said that by selling such properties to private hands, the government will invariably boost the nation's economy.

Ahmed said: ''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.''

''So we are looking at different – and I am a member of the National Council on Privatisation – we are looking at different categories of government assets that government has not been able to manage, that is lying down and in some cases even completely rundown, to cede them off to the private sector.

On January 12, Mrs Ahmed had revealed the government’s plan to sell public assets to partly finance the N13.58 trillion 2021 budget.

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On Friday, Ms Ahmed stressed that the “intention is not just funding the budget, it is to reactivate these assets and hand it over and have them bring contributions to the growth in the economy.”

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.

She added: ”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.''

''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.”