The federal government has stated, in addition to its intention to engage in domestic and foreign borrowing to finance the 2021 budget, that it will also sell some government-owned assets for the same reason.

The government also said that it would sell some non-oil properties in order to act as an alternative source of funding for the budget for the year.

This is contained in a presentation to stakeholders on the signed 2021 budget by the finance minister, Zainab Ahmed, made in Abuja on Tuesday.

The presentation, entitled ‘2021 FGN Approved Budget Public Presentation, Breakdown and Highlights,’ was dated January 12. The N13.58 trillion budget for the 2021 fiscal year was signed by President Muhammadu Buhari on December 31, 2020, around N505 billion higher than the budget presented in October 2020.

Read Also: Buhari, Lawan, others honour Nigerian’s fallen heroes

Around N496.5 billion was approved for legislative transfers in the approved budget and N3.3 trillion was approved for debt services.

Recurring expenditure was set at N5.6 trillion, with N4.1 trillion in capital expenditure and N5.2 trillion in fiscal deficit (5,196,007,992,292).

source: https://newstrack.oak.tv/nigeria-govt-reveals-plans-to-sell-government-properties-to-fund-2021-budget/

okay


Let me see what I can do.

Olx or Jiji ?

Jumia

phrancys001:
Olx or Jiji ?

Billions are being wasted on some group of unproductive idiots who call themselves politicians. when will Nigeria learn?

We have a very long way to go. The salaries of all those unproductive idiots should be reduced to the barest minimum. They aren't contributing anything to the cause of this nation.

oaktvnigeria11:
The federal government has stated, in addition to its intention to engage in domestic and foreign borrowing to finance the 2021 budget, that it will also sell some government-owned assets for the same reason.

The government also said that it would sell some non-oil properties in order to act as an alternative source of funding for the budget for the year.

This is contained in a presentation to stakeholders on the signed 2021 budget by the finance minister, Zainab Ahmed, made in Abuja on Tuesday.

The presentation, entitled ‘2021 FGN Approved Budget Public Presentation, Breakdown and Highlights,’ was dated January 12. The N13.58 trillion budget for the 2021 fiscal year was signed by President Muhammadu Buhari on December 31, 2020, around N505 billion higher than the budget presented in October 2020.

Read Also: Buhari, Lawan, others honour Nigerian’s fallen heroes

Around N496.5 billion was approved for legislative transfers in the approved budget and N3.3 trillion was approved for debt services.

Recurring expenditure was set at N5.6 trillion, with N4.1 trillion in capital expenditure and N5.2 trillion in fiscal deficit (5,196,007,992,292).

source: https://newstrack.oak.tv/nigeria-govt-reveals-plans-to-sell-government-properties-to-fund-2021-budget/

let them kukuma sell Nigeria abeg

and their cronies will eventually buy them with the previously looted funds. A typical situation of robbing Peter to pay Paul.

Why are they stressing themselves about how to service budget, they should just sell the country let everybody rest abeg

Foreigners will buy these properties, make money of them and send the money back to their home countries.

When will these leaders learn? Oops I forgot... They don’t care about Nigerians

Can't Nigeria politicians borrow the country from the money they have been stolen?