March 20, 2019

Emefiele: More National Assets To Be Privatized

Emefiele: More National Assets To Be Privatized

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says more state-owned enterprises will be privatized.

Emefiele made this statement to journalists at a press conference to mark the end of the annual meetings of the International Monetary Fund (IMF) and World Bank, in Bali, Indonesia.

At the same time, Minister for Budget and National Planning, Udoma Udo Udoma; Minister for Finance, Zainab Ahmed; and acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, also gave feedback from the various meetings they attended.

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“As you all know, CBN is the majority shareholder in mint and it was thought fit that being the majority shareholder and given that mint is an important national asset, that Bureau of Public enterprises should divest from mint and that is why that happened,” Emefiele said on Sunday.

“On this issue of whether more and more of this will be coming, I am aware as a member of the national council on privatisation that more are coming and I believe in due course the BPE will make this available for us.

“I’m also aware that ASCON is also in the cart for a total review of the process of privatization so that our aluminium sector can eventually come to live.”

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