Why FG may privatize some oil joint venture assets- Minister

The Budget and National Planning Minister, Mr. Udoma Udo Udoma, has said that the Federal Government plans to restructure some oil joint ventures to free up revenue when there is sufficient market interest.

“We have to do it when oil prices are moving up. We have to look at the timing to get that right,” he told Bloomberg TV during an interview.
Nigeria ultimately wants markets to determine naira exchange rate, and it’s matter of time to get there

The Federal Government has reiterated its resolve to bring in private investors in infrastructural development of the country.

The country is shopping for funds from World Bank to help “stabilize” power sector in the next 3-5 years.

The National Assembly may pass 2017 budget, which was submitted by President Buhari in December, next week.