Nigeria To Sell Ajaokuta, Others To Fund 2018 Budget

Nigeria To Sell Ajaokuta, Others To Fund 2018 Budget

The Nigerian Government is willing to offer more of its assets for sale soon, under the ongoing privatisation programme aimed at raising more money to implement the country’s 2018 deficit-based budget.

This disclosure was made by the CBN Governor, Godwin Emefiele, while briefing the Nigerian delegation at the end of the International Monetary Fund/World Bank Group meetings in Bali, Indonesia on Sunday, October 14.

The CBN governor also affirmed that more assets are in the offing.

“I am aware, as a member of the National Council on Privatisation, that more are coming and I believe in due course that the Bureau of Public Enterprise (BPE) will make this available for us. I am aware of the situation of Ajaokuta Steel Company of Nigeria. It is also on the cart, first for a total review of the process of privatisation and payment, so that our aluminum sector can eventually come alive,” he said.

Not long ago, the Nigerian Security Printing and Minting Company Limited Plc was offloaded, with the Central Bank of Nigeria (CBN), which already has a majority stake, emerging the preferred buyer, given the company’s security status.

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