FG plans sale of state-owned assets in 2026

The Federal Government has announced plans to commence the sale of selected state-owned assets to private investors in 2026 as part of efforts to deepen economic reforms and attract new capital into Nigeria.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this during an interview on the sidelines of the AlUla Conference for Emerging Market Economies in Saudi Arabia. The minister said the government is currently reviewing its portfolio of public assets to determine which ones will be offered for sale, alongside the timeline and structure for their disposal. He hinted that the proposal formed part of the Tinubu administration’s broader strategy to optimise government-owned assets, improve efficiency, and position Nigeria as a more competitive destination for private investment. Edun said preparatory work is already underway to ensure that the asset sales are conducted in a credible and investor-friendly manner. “The plan is to offer some assets in 2026. 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. “We are interested in public-private partnerships and the optimisation of our assets by having others come in and invest,” Edun said.

He added that the government’s current focus is to leverage private capital as a catalyst for economic expansion, job creation, and infrastructure development across key sectors of the economy.

The planned asset sales are anchored on a series of economic reforms introduced by President Bola Ahmed Tinubu after assuming office in May 2023.

According to Edun, these measures have started yielding positive results, including moderating inflationary pressures, improving government revenues, and stabilising the naira, thereby strengthening Nigeria’s macroeconomic outlook.

Beyond asset sales, the government is also intensifying efforts to unlock value in Nigeria’s energy sector, particularly through partnerships with private investors.

The government recently confirmed discussions with a Chinese firm and other investors to operate some state-owned refineries.

Many of the refineries have remained largely non-functional for decades despite billions of dollars spent on turnaround maintenance.

Edun said public-private partnerships will remain central to the government’s reform agenda, as authorities seek to reduce the fiscal burden on the state while improving operational efficiency across public assets.

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