FG to sell refineries, other properties


Federal Government is proposing to sell or concession no fewer than 36 of its properties to raise funds, largely to finance the 2021 budget.

These properties cut across energy, industries, communication and infrastructural sectors.

They are expected to be sold or concessioned between January 2021 and November 2022.

This is contained in a document exclusively obtained by Premium Times.

The document which was submitted to the National Assembly by the Executive shows the names of the properties, the sale strategy, the duration of the process as well as the cost of the properties.

Top among these properties are the Abuja Environmental Protection Board, the Abuja International Conference Centre, some unnamed refineries, the Transmission Company of Nigeria, Abuja Water Board, Nigerian Film Corporation, among others.


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