The Bureau of Public Enterprises (BPE) said it might put up more redundant public assets for sale in 2020 to meet its N477 billion fiscal budget.
Director-General of BPE, Mr Alex Okoh, stated that redundant national monuments are assets that shouldn’t be kept to a point where they are becoming federal liabilities when they can be privatized or concessioned to raise cash to fund other social imperatives of BPE fiscal budget.
“We can’t continue to keep federal redundant assets to an extent they are beginning to turn into liabilities when we can convert them to values.
“For me, that’s throwing good money after bad assets. We should convert those assets to value, privatize those that can be privatized; concession those that can be concessioned and use the proceeds to fund other social imperatives of our fiscal plan,” said Alex Okoh.
Meanwhile, the BPE, which has a budgetary funding target of N220 billion in the 2019 budget, out of which it has only raised N135 billion with a balance of N85 billion to meet up, said its contribution to the 2020 national budget would be slightly higher.
