FG TO SELL GOVERNMENT OWNED PROPERTIES TO FUND 2021 BUDGET

The Federal Government says in addition to borrowing locally and internationally, some government-owned properties will be sold to fund the 2021 budget shortfall of N5.2 trillion.
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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who made this known in Abuja, also revealed the federal government will sell some non-oil assets to serve as additional source of finance for the year’s budget.
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Recall that President Muhammadu Buhari had on December 31, 2020, signed the N13.58 trillion budget for the 2021 fiscal year – about N505 billion higher than the budget proposed in October, 2020.

-SHARON O

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