FG Targets N311 Billion From Asset Sale, Privatization In 2018 Budget

The Federal Government is aiming to generate of N311 billion from privatisation of public properties and the sale of national assets next year to partly finance the 2018 budget. This is contained in the 2018 budget proposals submitted last Tuesday to a joint session of the National Assembly by President Muhammadu Buhari.

The Minister of Budget and National Planning, Udo Udoma, during a public presentation of the 2018 budget proposals in Abuja on Tuesday, stated that the sum of N306 billion was being expected from privatisation proceeds, while the balance of N5 billion would come from the sale of government assets.

Present at the event were the ministers of Education, Adamu Adamu; Finance, Mrs. Kemi Adeosun; Information, Alhaji Lai Mohammed; Petroleum Resources, Dr. Ibe Kachikwu; and the Head of the Civil Service of the of the Federation, Mrs. Winifred Oyo-Ita, among others.

Photo Caption: Minister of Budget and National Planning, Udo Udoma