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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

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