FG To Raise N298.4b From Selling Off Public Assets In 2024

FG has said that it will raise N298.4b from selling off public assets in 2024.

 

NewsOnline Nigeria reports that President Tinubu’s administration is set to sell off some of the country’s assets to generate N298.4 billion in revenue in 2024.

 

This disclosure was contained in a breakdown document of the 2024 appropriation bill currently before the National Assembly.

 

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The Chairman, Senate Committee on Appropriations, Solomon Adeola, released the items listed as “financing items.”

 

The government would embark on this move in an attempt to finance public debts as well as reduce the fiscal burden on the part of FG.

 

President Bola Tinubu had submitted the sum N27.5 trillion 2024 budget to the National Assembly.

 

However, a financial expert and budget analyst, Oluseun Onigbinde, had opined that 70 per cent of projects in Nigeria are poorly executed and do not last beyond two years.