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2024 Budget: FG Plans to Generate N298Bn From Sales Of National Assets

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11 months ago

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2024 Budget: FG Plans To Generate 298Bn From Sales of National Assets

By Hussaini Ibrahim, Abuja

The Federal Government is looking to generate N298.4 billion in revenue from selling off certain government assets in 2024.

This is contained in a breakdown document of the 2024 appropriation bill.

The item listed as “Financing Item” was in the sectoral allocation details released by the Chairman, Senate Committee on Appropriations, Solomon Adeola.

The move is believed to be an attempt to finance public debts as well as reduce the fiscal burden on the part of the federal government.

The document also indicated that the government expects to generate N2.8 trillion from government-owned enterprises as a net surplus in the 2024 fiscal year.

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