Nigeria’s plan to sell state-owned assets by 2026 to address an $18.6 billion budget deficit has sparked debate among economists and investors. The initiative, part of President Bola Tinubu’s reform agenda, aims to open energy, infrastructure, and education sectors to private investment while stabilizing public finances.
Finance Minister Wale Edun emphasized the program’s role in attracting domestic and foreign capital, building on 2023 reforms that unified foreign exchange rates and removed fuel subsidies. While these measures initially triggered inflation and currency volatility, officials argue asset sales could improve efficiency and stimulate growth. "This isn’t just a fiscal exercise—it’s a gateway for investors to reshape Nigeria’s infrastructure," said investment advisor Dele Oye.
Economist Akintunde Ogunsola called the move overdue, stating underutilized assets could generate revenue and jobs if privatized. However, analysts like Isaac Botti warn that inconsistent policies and security challenges may deter long-term commitments. "Investors need clarity, not contradictory fiscal and monetary measures," Botti cautioned.
With Nigeria now ranked Africa’s fourth-largest economy after a GDP rebasing, the next two years will test whether reforms translate into sustainable growth or remain hampered by implementation hurdles.
