Nigeria plans to begin selling selected state-owned assets to private investors this year as part of a broader push to attract capital and accelerate economic growth. Finance Minister Wale Edun said the government is identifying assets for potential sale following reforms introduced by President Bola Tinubu since taking office in 2023, including subsidy removal, currency liberalization, and tax changes aimed at improving investor confidence. Officials say these measures have strengthened revenues and stabilized the economy, making Nigeria more appealing to investors. Authorities are also negotiating with foreign partners to revive long-idle refineries, potentially through equity sales. By expanding privatization and public-private partnerships, the government hopes to sustain growth, with the economy projected to expand about 4.4% this year.
Bloomberg
