Procurement Observation And Advocacy Initiative News Today : Breaking News, Live Updates & Top Stories | Vimarsana

• 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. ....

Cross River , Abuja Federal Capital Territory , Pricewaterhousecoopers Pw , Tafawa Balewa Square , Mohammed Bougei Attah , Emma Wike , Zainab Ahmed , Kehinde Ogunsanya , Eze Onyekpere , William Oruka Odudu , Revenue Service , National Arts Theatre , Lagos Chamber , River Basin Development Authorities , National Planning , National Council On Privatisation , Bureau Of Public Procurement , Centre For Social Justice , National Stadium , National Arts Theater , Nigerian Ports Authority , Procurement Observation And Advocacy Initiative , National Coordinator , National Theater , Mrs Zainab , Federal Government ,