Buhari is set to sell 36 Nigerian properties to fund budget 2021.
NewsOne Nigeria reports that the Federal Government of Nigeria led by President Muhammadu Buhari is proposing to sell or concession no fewer than 36 of its properties to raise funds to largely finance the 2021 budget.
These Nigerian properties, according to the to documents obtained by PremiumTimes, cut across energy, industries, communication and infrastructural sectors.
According to the documents submitted to the National Assembly by the Executive and titled “NCP Approved 2021 Work Plan,” the properties are expected to be sold or concessioned between January 2021 and November 2022.
The documents shows the names of the “projects” (as described by the document), the sale strategy, the duration of the process as well as the cost of the properties.
Top among the 36 Nigerian properties are the Abuja Environmental Protection Board (AEPB), the Abuja International Conference Centre (ICC), some unnamed refineries, the Transmission Company of Nigeria (TCN), Abuja Water Board, Nigerian Film Corporation, among others.
It was learned that the Federal Government’s decision to sell or concession these properties is to help fund the N13.58 trillion budget 2021 signed by President Buhari on December 31, 2020.
The 36 Nigerian properties have been categorised into five departments, according to the document; energy with nine projects, industries and communications department with eight projects and development institutions and natural resources with six projects.
Others are infrastructure and public private partnership with four projects and post transaction management department with nine projects.
Former Special Adviser on Media and Publicity to President Bola Tinubu, Ajuri Ngelale has praised God for…
Point-of-Sale (PoS) operators across Nigeria have raised their withdrawal fees, charging between ₦150 to ₦200…
What is the Dollar to Naira Exchange rate at the black market also…
The wife of the Zamfara State Governor, Huriyya Dauda Lawal, has facilitated the marriage of…
Flour Mills of Nigeria Plc (FMN), Nigeria’s leading Food and Agro-allied company is excited to…
Men of the Oyo State Police Command have detained the principal of Islamic High School,…