Nigerian Government to Sell Stakes in State-Run Companies

The Federal Government may sell stakes in about 20 state-run companies to raise funds and improve governance in the entities. <br />The chief executive officer at the Ministry of Finance Incorporated, Armstrong Takang says the Nigerian National Petroleum Corporation is among the firms the government may sell a stake in. <br />He stated that the agency is considering options including strategic sales and initial public offerings and aims to implement the plan within 18 months. <br />He noted that some of the entities need the private sector to take controlling shares and the major consideration for the government is to create value rather than retain control.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>