Gloomy forecast as FG set to sell off its stake in joint-venture oil projects

Gloomy forecast as FG set to sell off its stake in joint-venture oil projects
March 20, 2017 Advocaat Law Practice

As part of its effort towards reviving and stabilizing the economy, the Federal Government (FG) has proposed selling some of its assets within the next three (3) years. Amongst the assets proposed to be sold is the FGs stakes in joint-venture oil and gas projects. This move has however been received with some skepticism in view of Nigerias track records on privatization and divestments.