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FG plans to sell TBS, National Arts Theatre to Finance Budget

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FG to sell TBS, National Arts Theatre to Finance Budget - BellaNaija

The Federal Government has informed the House of Representatives of plans to sell the Tafawa Balewa Square (TBS), National Arts Theatre, and some power plants, The Nation reports.

The national assets are reportedly part of  several others the Federal Government plans to privatize to generate revenue to finance the country’s budgets for the years 2018, 2019 and 2020.

Ben Akabueze, Director General of Budget Office, informing the House of Representatives Joint Committees on 2018-2020 Medium Term Expenditure Framework (MTEF)/Fiscal Strategy Paper (FSP), added that non-core assets from the mines and steel sector like houses and estates, as well as national parks, will be included in the sale. He said:

We are generating too little revenue, hence we are borrowing. If we generate enough, borrowing ratio will drop.

5 Comments

  1. Tutu

    November 28, 2017 at 11:07 pm

    Terrakulture should buy it

  2. Loki

    November 28, 2017 at 11:16 pm

    Why stop at TBS and National Arts Theatre? They should sell the whole country to Canada. Foolish gavament…

  3. gbaskelebo

    November 29, 2017 at 12:46 am

    When you think you’ve heard the worse, they find a way to lower the bar… Well they know who they want to sell TBS to. May God help this nation! Everything is just messed up

  4. gbaskelebo

    November 29, 2017 at 12:46 am

    When you think you’ve heard the worst, they find a way to lower the bar… Well they know who they want to sell TBS to. May God help this nation! Everything is just messed up

  5. OA

    November 29, 2017 at 2:30 am

    Those are iconic relics…na wah oh! Sell keh?!

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