Nigeria’s federal government will begin the sale of selected state-owned assets to private investors in 2026, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said.
Speaking during an interview on the sidelines of the AlUla
Conference for Emerging Market Economies in Saudi Arabia on Monday, Edun said
the government was still finalising which public assets would be offered for
sale and the transaction schedule.
“The plan is to offer some assets in 2026,” the minister
said.
He explained that ongoing economic reforms have helped
improve investor confidence in the country and made Nigeria a more competitive
destination for capital.
“What we have put in place has made Nigeria very competitive
in terms of the economic conditions and very attractive in terms of the
incentives for investors. I think investors are now more comfortable to invest
in Nigeria,” Edun said.
The finance minister added that the federal government is
focusing on partnerships with the private sector rather than outright public
control of assets.
“We are interested in private public partnerships,
optimisation of our assets by having others come in and invest,” he said.
Edun also reiterated the administration’s broader economic
direction, noting that investment remains central to the country’s growth
strategy.
He recalled that on January 22, the federal government
reaffirmed its commitment to pursuing what he described as job-rich and
inclusive growth, stressing that higher investment is essential to raising
productivity and expanding the economy.
According to the minister, Nigeria remains firmly committed
to a reform agenda aimed at rebuilding policy credibility and strengthening
macroeconomic stability, as the government seeks to attract long-term domestic
and foreign investors ahead of the planned asset sales in 2026.
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