Posted on 15 Comments

Kogi: We May Sell Off Some Govt Properties To Raise Money For Infrastructure

The Kogi government has said it will sell some non-performing assets of the state in order to raise capital for infrastructural development.

The was made known in a statement today by Kingsley Fanwo, the commissioner for information and communication.

He said the government would also “divesting from business ventures.”

According to him, the government will cede some businesses, like hotels and transportation to the private sector, so that businesses can have an enabling  environment to flourish.

Fanwo said the government is “evolving a policy to systematically ease herself out of business ventures that are not critical needs of the people and which could be better managed by the private sector.”

The present administration is working on a plan to concentrate on infrastructural development and create a conducive environment for businesses to thrive,” he said.

He said the government have over years mismanaged certain businesses such as Hotel Management and Transportation.

The Economic Team of Government has been charged to come up with plan that will gradually cede the major economic play to the private sector while Government concentrates on regulating the economy and also create a conducive environment for economic prosperity.

Fanwo therefore added that there is the need to reorder the government priorities and look into how ongoing projects are initiated, as well as initiate new impact ones.

We are looking at the assets of the State. There are some assets that Government kept spending huge sums to maintain and they are not bringing any income to the State,” he said.

Economically, the world is going through a new normal and smart states like ours will have to cut costs and recharge our revenue generating batteries to ensure our people are served and served well.”

15 thoughts on “Kogi: We May Sell Off Some Govt Properties To Raise Money For Infrastructure

  1. It’s hard to find well-informed people about this subject, but you
    sound like you know what you’re talking about! Thanks

  2. What i do not realize is actually how you’re no longer actually a lot more neatly-preferred than you
    might be right now. You’re very intelligent.
    You already know therefore considerably with
    regards to this subject, made me personally imagine it from a lot of numerous angles.
    Its like women and men are not interested unless it is one thing to accomplish with Girl gaga!
    Your personal stuffs excellent. At all times handle it up!

  3. Hello to all, it’s truly a fastidious for me to pay a quick visit this website, it includes helpful Information.

  4. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something.
    I think that you can do with some pics to drive the message home a bit, but instead
    of that, this is great blog. A great read. I will certainly be
    back.

  5. I do not know whether it’s just me or if everyone else encountering problems with your site.
    It looks like some of the text in your posts are running
    off the screen. Can someone else please comment and let
    me know if this is happening to them too? This could be a issue with my internet browser because I’ve had this happen before.
    Appreciate it

  6. I’d like to find out more? I’d care to find out some additional
    information.

  7. Good day! I know this is kinda off topic nevertheless I’d figured I’d ask.

    Would you be interested in trading links or maybe guest authoring a blog article or vice-versa?
    My blog discusses a lot of the same topics as yours and I think we could greatly benefit
    from each other. If you are interested feel free to shoot me an email.
    I look forward to hearing from you! Excellent blog by the way!

  8. Magnificent beat ! I would like to apprentice while you amend your website,
    how can i subscribe for a blog site? The account helped me a acceptable deal.
    I had been tiny bit acquainted of this your broadcast provided
    bright clear idea

  9. I visited several web sites however the audio feature for
    audio songs current at this web site is really fabulous.

  10. It’s awesome in favor of me to have a web site, which is valuable in support of my experience.

    thanks admin quest bars http://bitly.com/3jZgEA2 quest bars

  11. Ahaa, its good conversation on the topic of this paragraph here at this webpage, I have read all that, so now me also commenting
    at this place. scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  12. Hi there to every single one, it’s in fact a pleasant for
    me to pay a quick visit this site, it contains helpful Information. asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

  13. Hi there! This post could not be written any better! Reading through this post reminds me of my previous room mate!
    He always kept chatting about this. I will forward this article to
    him. Pretty sure he will have a good read. Many thanks for sharing!
    cheap flights http://1704milesapart.tumblr.com/ cheap flights

  14. I always used to read article in news papers but now as I am a user of
    web thus from now I am using net for posts, thanks to
    web. scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

  15. I like the valuable info you provide in your articles. I’ll
    bookmark your blog and check again here regularly. I’m quite certain I’ll learn plenty of
    new stuff right here! Good luck for the next! quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

Leave a Reply

Your email address will not be published.