As the Federal Government steps up plans to offer more of its assets for sale under the ongoing privatisation programme, stakeholders in Nigeria’s capital have renewed the call to ensure that the exercise is done through the capital market.
The stakeholders argued that the exercise would witness high level of transparency and success, if government tapped into the resources available within the capital market space.
Furthermore, they maintained that it would have a multiplier effect on the economy, because government will get a fair value; and the buyers have access to funds to run the companies, while investors reap good returns on their investments.
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, while briefing Nigerian delegation at the end of the International Monetary Fund/World Bank Group meetings in Bali, Indonesia, affirmed that the Federal Government is ready to offer more of its assets for sale soon.
He said the ongoing privatisation programme aimed at raising more money to implement the country’s 2018 deficit-based budget. Read more