FG to raise N298.4b from selling off assets

The Federal Government is planning to raise a sum of N298.4 billion through the sale of certain assets in 2024.

This disclosure was contained in a breakdown document of the 2024 appropriation bill currently before the National Assembly.

The Chairman, Senate Committee on Appropriations, Solomon Adeola, released the items listed as “financing items.”

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This move is aimed at generating revenue to finance public debts and alleviate the fiscal burden on the government.

President Bola Tinubu had submitted the sum N27.5 trillion 2024 budget to the National Assembly.

However, a financial expert and budget analyst, Oluseun Onigbinde, had opined that 70 per cent of projects in Nigeria are poorly executed and do not last beyond two years.