00:07For Dele Oye, an investment advisor, the announcement signals a rare opening in Africa's largest economy.
00:15He believes the planned sales could allow private capital, both domestic and foreign,
00:21to enter sectors that have long been dominated by the state,
00:25such as energy and infrastructure as well as education.
00:30The asset sale is not just a mere fiscal exercise.
00:34It's a huge opportunity for both local and foreign investors to buy into infrastructure assets and energy assets in Nigeria.
00:44The plan builds on sweeping economic reforms launched in 2023.
00:49Nigeria unified its foreign exchange windows and removed fuel subsidies,
00:55policies designed to stabilize public finances and attract investments.
01:00But the immediate impact was tough.
01:04Inflation surged and the currency weakened sharply.
01:08Economists say divesting underperforming public assets could now help boost revenue, create jobs and support growth.
01:19Nigeria's decision to sell state-owned assets is actually long of a deal now,
01:27because there are some assets that our government is not using them in a viable way to generate revenue for
01:38the government.
01:38Selling them means that they want to make that asset viable, you know, so that it can generate more revenue
01:44and it can create jobs for the Nigerian and also expand the GDP of the country.
01:52In recent months, Nigerian officials have taken their investment campaign abroad,
01:57from global economic forums to meetings in the Gulf, pitching Nigeria as open for business.
02:04The proposed asset sales are expected to rely heavily on public-private partnerships.
02:11Still, analysts warn that confidence will depend on policies and the state of security.
02:17The policy risk is there. Some of our policies are inconsistent with reality.
02:25They do not support real investment.
02:29So we need to look at our policies, particularly sector-specific policies.
02:35Most of the times we make policies for a sector and you have financial policies or monetary policies or fiscal
02:47policies that are contradictory.
02:51We need to address issues of policy inconsistencies or policy somersaults for those sectors to thrive.
02:59Following a recent GDP rebasing, Nigeria is now ranked as Africa's fourth-largest economy.
03:07Whether or locating anyaca points for local españoles would be expected of каждый.
03:07discretion or equity or state trade-search capital.
03:07Please label it.
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