Economy

Selling public assets will boost the economy – Finance Minister

Estimated Reading Time: 1

The Minister of Finance, Zainab Ahmed of Friday said the planned sale of public assets by Federal Government will benefit Nigerians and boost the economy.

Mrs Ahmed spoke when she appeared as a guest on Channels Television’s Sunrise Daily on Friday.

“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,” the Minister said.

“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 are lying down and in some cases even completely rundown, to cede them off to the private sector.”

The minister had on January 12 disclosed the government’s plan to sell public assets to aid the finance of the N13.58 trillion 2021 budget.

The decision has come under criticism and in a statement on Sunday, a civil society group, Socio-Economic Rights and Accountability Project (SERAP) asked the National Assembly to stop the federal government from selling public assets to fund the 2021 budget.

However, speaking on Friday, Aminah 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.”

Leave a Comment

Your email address will not be published. Required fields are marked *

*