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Buhari To Sell Refineries, TCN, ICC, Trade Fair Complex, Others [FULL LIST]


The Muhammadu Buhari-led Federal Government is proposing to sell or concession no fewer than 36 of its properties to raise funds to largely finance the 2021 budget.

According to documents obtained by PremiumTimes, these properties cut across energy, industries, communication and infrastructural sectors.

According to the documents submitted to the National Assembly by the Executive and titled “NCP Approved 2021 Work Plan,” the properties are expected to be sold or concessioned between January 2021 and November 2022.

The documents shows the names of the “projects” (as described by the document), the sale strategy, the duration of the process as well as the cost of the properties.

Top among these properties are the Abuja Environmental Protection Board (AEPB), the Abuja International Conference Centre (ICC), some unnamed refineries, the Transmission Company of Nigeria (TCN), Abuja Water Board, Nigerian Film Corporation, among others.

The federal government’s decision to sell or concession these properties is to help fund the N13.58 trillion 2021 budget signed by President Buhari on December 31, 2020.

The 36 projects have been categorised into five departments, according to the document; energy with nine projects, industries and communications department with eight projects and development institutions and natural resources with six projects.

Others are infrastructure and public private partnership with four projects and post transaction management department with nine projects.

Below is a summary of some projects:

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