• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Friday, July 4, 2025
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

2023 Budget – Finance Minister, Zainab Ahmed, has said that the Federal Government would offer some of its assets for sale through equity investments.

by Emerald Nigeria
October 21, 2022
in Economy
ShareTweetShareShare

Nigeria’s population of about 200 million lives below the threshold of US$1.90 (792 Naira) daily. Nigeria accounts for about 14% of the world’s poor.

The abject state of poverty among the majority of the Masses seems to be of no concern to the government.

President Muhammadu Buhari recently laid the 2023 budget before the National Assembly. The budget put at N20.51 trillion has since passed second reading at The National Assembly.

Reacting to the budget, Senator Ali Ndume (APC Borno South) queried the rising recurrent expenditure captured in the budget despite the embargo placed on employment by the federal government and the hundreds of retirees recorded on a yearly basis.

According to him, the N8.2 trillion earmarked for recurrent expenditure in the proposed N20.51 trillion 2023 budget constituted 43 per cent of the entire budget profile. He also dished out figures showing that since 2018, Nigeria`s recurrent expenditure had been constantly rising.

In an alarming twist, the Federal Government is compiling the list of assets that will be either sold or ‘concessioned’ to fund the 2023 budget deficit of N10.7tn.

According to The PUNCH,Sources at the Ministry of Finance, Budget and National Planning told The PUNCH that the government was considering selling or concessioning the Tafawa Balewa Square in Lagos as well as all the National Integrated Power Projects in Olorunsogo, Calabar II, Benin (located at Ihorbor), Omotosho II and Geregu II plants.

Also Read:

Why we increased our 2025 budget from N936.1bn to N979.2bn – Delta Assembly

BREAKING: FG proposes N48trillion budget for 2025 financial year

Governor Oborevwori presents N936bn 2025 budget to Delta Assembly

Why Delta proposed N936bn budget for 2025 fiscal year

More than 25 of such projects will be turned into active assets that will be generating money in some ways to the Federal Government.The government is also planning to sell or concession all the hydro power plants across the country, including Oyan, Lower Usuma, Katsina-Ala and Giri plants.

More than 25 of such projects will be turned into active assets that will be generating money in some ways to the Federal Government.

At a ministerial briefing on Wednesday in Abuja, Finance Minister, Zainab Ahmed, had said that the Federal Government would offer some of its assets for sale through equity investments. She said the government would toll some of the federal roads to raise revenue.

The struggling Nigeria economy might need lots more than selling off government owned properties.

More info

https://punchng.com/budget-deficit-govt-may-sell-tbs-nipps-25-key-assets/

Tags: budgetfinancefinance ministerNigeria economy
ShareTweetShareSend
Previous Post

Flooding: Ravaging flood will orchestrate higher food prices – Peter Obi

Next Post

The Flood in Nigeria is not the fault of Cameroon it’s from God -Minister of Water Resources, Suleiman Adamu

Related Posts

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

July 1, 2025
Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

June 29, 2025
Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

June 8, 2025
AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

June 7, 2025
JUST IN: No past governor will go without full investigation – EFCC

Delta Host Communities Demand EFCC Probe of N1.3 Trillion 13% Oil Derivation Funds

June 5, 2025
Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

June 2, 2025
Next Post
The Flood in Nigeria is not the fault of Cameroon it’s from God -Minister of Water Resources, Suleiman Adamu

The Flood in Nigeria is not the fault of Cameroon it's from God -Minister of Water Resources, Suleiman Adamu

Trending

  • Delta Government Clarifies Indecent Dressing Law, Sends Message to Law Enforcement Agents

    Delta Government Clarifies Indecent Dressing Law, Sends Message to Law Enforcement Agents

    0 shares
    Share 0 Tweet 0
  • Senator Nwoko wins big as 85 Senators endorse creation of Anioma state ahead of July 4 public hearing

    0 shares
    Share 0 Tweet 0
  • Labour Party issues 48-hour ultimatum to Peter Obi to take this decision

    0 shares
    Share 0 Tweet 0
  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • You misrepresented facts in your press interview – APC chieftain replies Festus Okubor

    0 shares
    Share 0 Tweet 0
  • Peter Obi Declares Support for ADC, Unveils 2027 Political Roadmap

    0 shares
    Share 0 Tweet 0
  • Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

    0 shares
    Share 0 Tweet 0
  • We Will Celebrate His Life, Mourn His Death – Mayor of Urhoboland Commiserates with Dantata Family

    0 shares
    Share 0 Tweet 0
  • You’ve been a pillar of support to our people – Senator Nwoko celebrates Dein of Agbor at 48

    0 shares
    Share 0 Tweet 0
  • Delta North 2027: Senator Ned Nwoko holds the ace, and here’s why

    0 shares
    Share 0 Tweet 0

Latest Stories

RERO TV set to Mark 5th Anniversary August 13 in Sapele

July 3, 2025

History Beckons As Senator Nwoko’s Anioma State Creation Bill Reaches Crucial Milestone

July 3, 2025

Labour Party issues 48-hour ultimatum to Peter Obi to take this decision

July 3, 2025

Peter Obi Declares Support for ADC, Unveils 2027 Political Roadmap

July 3, 2025

Udu protests misguided, projects are verifiable – Delta government says

July 2, 2025

Delta North 2027: Senator Ned Nwoko holds the ace, and here’s why

July 2, 2025

Delta Government Clarifies Indecent Dressing Law, Sends Message to Law Enforcement Agents

July 2, 2025

Senator Nwoko hosts African diplomats in continental push for restitution and justice

July 2, 2025

ANTI-OPEN GRAZING LAW: Delta Activist Mulade Laments Non-Implementation, Says State Government Lacks Political Will After 4 Years of Passage

July 2, 2025

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

July 1, 2025
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.