FG May Offer More Public Assets For Sale 

Indications have emerged that more public assets may be put up for sale by the Federal Government as the Bureau of Public Enterprises reviews the 2020 Privatisation Work Plan. Checks by our correspondent revealed that work on the review of the privatisation work plan is ongoing.

The revised 2020 budget has a deficit of N5.37tn. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, had said the Federal Government intended to finance the deficit through domestic and foreign borrowing, as well as proceeds from privatisation of public assets. Our correspondent learnt that the BPE is reviewing the 2020 Privatisation Work Plan.

The review of the work plan was informed by the drop in the projected revenue that will accrue to the Federal Government within the year. Director General of the BPE, Mr. Alex Okoh, confirmed the ongoing review of the privatisation work plan to our correspondent on Thursday. Responding to enquiries by our correspondent, Okoh said, “We are currently reviewing the Privatisation Work Plan for 2020 to determine the transactions that are feasible within the fiscal year in view of the disruption caused by the COVID-19 health pandemic.

Punch.