To generate funds, mainly to finance the 2021 budget, the Nigerian government is proposing to sell or concession no fewer than 36 of its properties.
The proposed properties for sale or concession varies across energy, industries, communication and infrastructural sectors.
This is contained in a statement released to the Press. The National properties are expected to be sold or concessioned between January 2021 and November 2022.
The statement was submitted to the National Assembly by the Executive and titled “NCP Approved 2021 Work Plan.” The statement content entails the names of the “projects” (as described by the document), the sale technique, the duration of the strategy, as well as the cost of the properties.
Top among these 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.
The federal government clarified that its determination to sell or concession these properties is to enable it to fund the N13.58 trillion 2021 budget signed by President Muhammadu Buhari on December 31, 2020.
There are, however, different sale strategies for the properties. While some are ‘core investor sales’, a few others are for ‘share sales’. Some are for ‘full or partial commercialisation’. Some properties have been enlisted to be sold to willing candidates.