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FG May Sell Public Assets To Fund 2020 Budget
Checks by our correspondent revealed that work on the review of the privatisation work plan is ongoing.The revised 2020 budget has a deficit of N5.37tn.
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, had said the Federal Government intended to finance the deficit through domestic and foreign borrowing, as well as proceeds from privatisation of public assets.
Our correspondent learnt that the BPE is reviewing the 2020 Privatisation Work Plan.The review of the work plan was informed by the drop in the projected revenue that will accrue to the Federal Government within the year.
Director General of the BPE, Mr. Alex Okoh, confirmed the ongoing review of the privatisation work plan to our correspondent on Thursday.
Responding to enquiries by our correspondent, Okoh said, “We are currently reviewing the Privatisation Work Plan for 2020 to determine the transactions that are feasible within the fiscal year in view of the disruption caused by the COVID-19 health pandemic.
“We should be ready by the end of next week.”
Although Okoh did not disclose whether the review will require putting more public assets up for sale, the need to source funds for the N5.37tn deficit in the 2020 budget may compel the Federal Government to seek more revenue from additional privatisation transactions.
Before the economic impact of the COVID-19 pandemic instigated the ongoing review of the 2020 Privatisation Work Plan, the BPE had targeted the generation of N266.8bn as revenue from the sale and commercialisation of public assets during the year.
The sum of N3.9bn would be expended on the trans-actions, leaving a net revenue of N266.8bn.The bulk of the projected 2020 transactions are in the energy sector, where the BPE targeted N268.3bn.
The transactions from which the BPE planned to generate the N266.8bn include carry overs from the 2019 approved work plan, such as completion of sales of Yola Electricity Distribution Company and Afam Power Limited and Afam Three Fast Power.The transactions also included the Nigeria Integrated Power Projects.
Other transactions in the initial 2020 work plan include sale of additional shares of Geregu to Amperion Power, Tafawa Balewa Square, Bank of Agriculture, Dowell Schlumberger Nigeria Limited, NMC houses, Nigeria Commodity Exchange and River Basin Development Authorities and Lagos International Trade Fair complex.
For what seemed like a long while, celebrity power couple—Mr Eazi and Temi Otedola—are finally engaged as Oluwatosin Ajibade better known as Mr Eazi pops the heartwarming “Will you be my wife?” question to his girlfriend of 2 years Temiloluwa Otedola and she responded favourably in the affirmative “Yes” tone.
Fashion mogul and Icon Temi Otedola began dating artiste and music label CEO Mr Eazi in the year 2020 and have been living together ever since in their London apartment, sharing intimate moments, even meeting respective family members. This they’ve both shared in detail on their How Far? With Mr Eazi And Temi Otedola podcast.
Temi announced her engagement by posting the sea-side proposal of Mr Eazi on one knee asking the important question. The video goes by the simple caption of the infinity logo connoting they’re both locked in for life.
Congratulations to Temi Otedola and Mr Eazi!
American superstar rapper, Nicki Minaj, shares the same sentiments as myriads of Wizkid fans and well-wishers worldwide, in that she concurs to the argument the trendsetting crossover record-breaking single from Wizkid’s 2020 released “Made In Lagos” album, Essence should be in the conversation for the coveted “Record of the Year” plaque at this year’s Grammy Awards.
Nicki Minaj agrees with Joe Budden that Essense should be Grammy Song Of The Year pic.twitter.com/hvdxQlItod
— King Henry 🥷🏾🛸 (@Kinghenryyyyyy) March 9, 2022
Although “Essence” did not receive the much desired nomination in the category for “Record of the Year” at the 2022 Grammy Awards, it did get a nod for Best Global Music Performance, the first of its kind.
Irrespective of the snub, Nicki whilie on Joe Budden TV (YouTube) as a guest on the special episode tagged A Conversation With Nicki Minaj & Joe Budden agreed with the host (Joe Budden) when he said “We need people on the Grammy board that know that “Essence” was song of the year” with an exclamatory “Right! Right!” response. She even proffered, “We should have our own Grammy Board“, in support of many and the popular believe that Black Americans or black artistes in general are always stereotyped to a particular category at the award show, if indeed they made it to the top categories, they barely win; Nicki Minaj does not have a Grammy Award herself and that is still a shock to many, especially when considering her refined catalogue of music.
After much teasing, the anticipated Finesse by Pheelz and Buju (now BNXN) hit DSPs across the globe and just like the teaser gave off, Finesse is a banger! It is produced by young producer under Pheelz’s wing known as Miichkel.
On Finesse, Pheelz and Buju live their life to the fullest, the carefree lifestyle is what they desire and they are determined to stay on that track for the time being. “I’ve been living the fast life but I see it in slow mo / And you see my lifestyle, I got Gs in the turbo / . . . / Bad girl sey she want Netflix & Chill / So I ja ticket give her warning / If you fall in love, girls it’s certain / You go chop breakfast, I’m not capping“, Pheelz explains on the first verse, even saying love and relationship cannot stop him from living the ‘ballers’ lifestyle; “I’d be dammed if there’s anybody that could be like me / I be like Mo’ Salah, coming up the right wing / I cut through your defender, you no need to tell me / I must finesse / And you know sey me I must net“, Buju braggingly adds on the second verse, saying he can score any chick that catches his eye and dish her the next minute.
listen to the popular joyous chorus “Ah finesse / If I broke na my business / Ama shana e go bright o / Folake for the nighr o” here or on Apple Music.:
A-Q, Blaqbonez, Loose Kaynon and M.I Abaga join forces for collaborative project “BEHOLD THE LAMB”
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