FG To Sell 10 State-owned Companies To Fund 2018 Budget

Advertise Here Gif Image - HypersTv Advertise here gif

A director at the Bureau of Public Entreprises (BPE), Joe Anichebe says the federal government will sell 10 state-owned companies for sale in the fourth quarter of 2018.

According to the director, the sales will raise N289 billion for the funding of the 2018 budget.

Advertise here on hyperstv

Anichebe said preparations are in the final stages for the sales of the companies, which range from aviation to insurance.

Bloomberg reports that the first set of companies to be sold are Nicon Insurance Ltd. and Skyway Aviation Handling Co., which the director said will be sold “this month or early next month” through an initial public offering.

The N9.1 trillion 2019 budget was signed into law in June with a

Advertise here on hyperstv

Ita Enang, senior special assistant to the president on national assembly matters, had said the greater part of the 2018 budget will be funded by loans.

Recommended For You:   President Buhari Jets Out Of Nigeria For Au Summit In Mauritania

Pete Morgan

Am just a blogger writer from beyond

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

Contact Us | Write For Us | Place Your Advert On HypersTv | Mp3 Download | Mp4 Download | About Us | Call Us - +2349020840389