FG to Begin Sale of State-Owned Assets in 2026, Says Finance Minister Edun
The Federal Government has announced plans to begin the sale of selected state-owned assets in 2026 as part of broader economic reform measures aimed at boosting revenue and improving efficiency in public enterprises.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this while outlining the government’s fiscal strategy and reform agenda. According to him, the planned asset sales form part of efforts to strengthen Nigeria’s financial position, reduce pressure on public finances, and attract private sector participation.
Edun explained that the move is designed to unlock value tied up in underperforming or non-strategic government assets. He noted that proceeds from the sales would be channeled toward critical infrastructure, social development programs, and debt management.
The minister emphasized that the process would be transparent and structured to ensure value for money. He added that only assets considered non-essential or inefficient under government management would be earmarked for divestment.
The announcement comes amid ongoing efforts by the Federal Government to stabilize the economy, increase internally generated revenue, and reduce reliance on borrowing. Analysts say the planned asset sales could provide short-term fiscal relief if properly executed.
However, some stakeholders have called for caution, urging the government to ensure that national interests are protected and that strategic assets are not sold below market value. Labour groups and civil society organizations have also historically raised concerns about job security and the long-term impact of privatization.
Economic experts note that similar asset sale programs have been implemented in the past, with mixed outcomes. They stress the importance of clear regulatory frameworks, competitive bidding processes, and effective oversight mechanisms.
Edun reiterated that the 2026 timeline allows the government adequate time to prepare valuation assessments, conduct consultations, and establish a structured framework for implementation.
As Nigeria continues to navigate fiscal challenges, the planned sale of state-owned assets is expected to remain a key topic in economic discussions leading into 2026. Further details about which specific assets will be affected are expected to be released in due course.
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