Search
  1. Home
  2. West Africa
  3. Nigeria

The state to sell 60 public firms

    ABIDJAN

    Nigeria's current government has earmarked 60 unprofitable state firms for sale under its economic liberalisation policy, Vice President Atiku Abubakar said on Friday.

    In a meeting with a delegation led by US Deputy Secretary of Commerce Robert Mallet, Abubakar said the firms for sale included some in the telecommunications, transport and oil sectors.

    The power company, NEPA, would receive federal funding and be sold only after it had become more efficient, the`Post Express' newspaper reported Abubakar as saying.

    Mallet said the United States would help Nigeria privatise its industries and that the US business community wanted economic reforms sooner rather than later.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join