The Bureau of Public Enterprises has advised the Federal government to give consideration to the privatisation of federal government-owned Enterprises to fund the N10.33trillion 2020 budget, with a total deficit of N2.28trillion.
The Director-General of the Bureau of Public Enterprises ( BPE), Alex Okoh gave the suggestion on Wednesday at a meeting with Senate Committee on Privatisation led by former Abia state governor, Theodore Orji.
Okoh decried a situation where the state-owned Enterprises take about $3bn from scarce public funds with meagre returns.
He noted that there was no justification for the ritual of yearly budget deficit with local and external borrowings when there were…
Source: Nigerian Tribune
