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Nigeria plans asset sales to finance N25trn budget deficit

Nigeria aims to start selling state-owned assets to private investors this year, stepping up efforts to attract capital to finance its widening budget deficit.


The government is still deciding which assets will be offered and when the sales will take place, according to Wale Edun who disclosed this on Monday on the sidelines of the AlUla Conference for Emerging Market Economies in Saudi Arabia. Some of the transactions are expected to be completed next year, he said.


Read also: Asset sales open new window for local oil, gas players

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