FG To Sell Off Some Government Owned Properties To Fund 2021 Budget - Uju Ayalogu's Blog for News, Reviews, Articles and More

Breaking News

Post Top Ad

Friday 15 January 2021

FG To Sell Off Some Government Owned Properties To Fund 2021 Budget

Zainab

Minister of Finance, Zainab Ahmed

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.

govt

 
 

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


Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story on UjuAyalogusBlog.com by clicking here. For Advert Inquiries Tel: +44 (0)7590 363 984.

For More, Subscribe To: Uju Ayalogu's Blog via Email.

Subscribe to Our Posts via Email


Share This

No comments:

Post a Comment

Listen to This Beautiful New Talent - Winter Wolf - Singing "Midnight"


Post Bottom Ad

Pages