•Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has confirmed that the federal government would soon embark on the sale of state-owned assets to private investors.
The minister made the statement in an interview on Monday in Saudi Arabia, reports Daily Independent.
He said the government is currently working on determining which assets will be offered for sale and the timelines for the transactions.
“The plan is to offer some assets in 2026,” the minister said.
Edun added that recent reforms have positioned Nigeria as an attractive destination for investors.
“What we have put in place has made Nigeria very competitive in terms of the economic conditions and very attractive in terms of the incentives for investors. I think investors are now more comfortable investing in Nigeria.
“We are interested in private-public partnerships, optimisation of our assets by having others come in and invest.”
On January 22, Edun said Nigeria is pursuing a job-rich and inclusive growth, noting that investment remains critical to boosting productivity and expanding the economy.
The minister also said the country remains on the path of economic reforms aimed at restoring policy credibility and macroeconomic stability.
