Wale Edun says FG will commence sale of state-owned assets in 2026

Wale Edun, minister of finance and the coordinating minister of the economy, says the federal government plans to start selling state-owned assets to private investors in 2026.

According to Bloomberg, Edun spoke on Monday during an interview on the sidelines of the AlUla conference for emerging market economies in Saudi Arabia.

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.

“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 to invest 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 said the West African giant is still on the path of economic reforms aimed at restoring policy credibility and macroeconomic stability. (The Cable)