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Why FG s planned assets sale can t boost revenue | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News

• Professionals want assets valued before sale, concession • Not adhering to procurement law is illegal, says Wike • ‘It’s against fiscal responsibility to sell capital assets for recurrent purposes’ Hopes of the Federal Government raising tangible earnings from the sale of some national assets towards financing the N13.5 trillion 2021 budget may be far from reality, going by the value of the assets, already described as liabilities and dead. With a deficit of N6.1 trillion in the 2020 budget and possibilities of a higher value beyond the estimated N5.2 trillion by the end of 2021, if earnings do not improve, getting assets sold or concessioned without valuation may further weaken prospects of better earnings from such assets.

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