FG to sell off some government owned properties to fund 2021 budget
The Federal government has shared plans of selling off some government-owned properties and non-oil assets in order to fund the 2021 budget. This was disclosed in a statement by the Minister of Finance, Zainab Ahmed during a virtual budget presentation ceremony 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 which did not state the assets to be sold, neither stated 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. President Buhari had on December 31, 2020, signed the N13.58 trillion budget for 2021.
This is a plan to share government resources and properties among yourselves In the name of funding budget. Dose it mean this government is not business oriented, the government can’t work out money to fund budget. It’s a shame
So this is we’re you want to follow to eat our money again… anyway I will only support what you said you want to if you can start selling by selling aso-rock. Let’s start from there.
Why can’t you court your cloth according to size of your clothes, don’t you think selling of this properties will backfire?
When you sell all these assets to finance 2021 budget, which one would you sell to finance 2022 budget? This is bad ooo.
I don’t think this administration knows what they are doing, why prioritize sale of asset instead of cutting the cost of governance, they are just looking for avenue to siphone money.
This government should remember tomorrow, if you sell what yesterday leaders built what would you leave for incoming generation? Instead of building more you intend to sell the one on ground. May God have mercy on us.
This too bad… This administration is going to run down this country….