President Muhammadu Buhari will introduce the proposal on an unspecified date this month. It didn’t name the assets it may sell. Nigeria estimates its economy contracted 1.5 percent in 2016, partly because of a decline in the price and output of oil, the country’s biggest export and revenue generator. Buhari proposed a 20 percent increase in this year’s budget to stimulate the economy and help gross domestic product expand by an average of 4.7 percent annually over four years and reach 7 percent in 2020. “They could look at reducing government stakes in oil joint ventures from around 55 percent to 40 percent or 45 percent — that alone can generate over $10 billion,” Pabina Yinkere, the Lagos-based head of research at Vetiva Capital Management Ltd., said by phone. “Non-oil assets like concession airports are a more difficult sale because they would involve a lot of transactions.” The government targets oil production of 2.5 million barrels a day by 2020 to boost export earnings, it said in the document. Output declined to an almost three-decade low of 1.4 million barrels a day in August after militants in the Niger River delta region bombed pipelines to demand more benefits from the resource. For Adverts Inquiries, call 08033857245; To Receive News Updates, WhatsApp: 08083609209; To Publish Your Articles Or News Stories, Email editor@skytrendnews.com. READ ALSO! Flying Bird Allegedly Falls From Sky In Lagos, Reportedly Turns To An Old Woman (PHOTOS) READ ALSO! READ What This Pretty Female Teacher Did With 3 Young Boys: You Will Be Shocked! READ ALSO ! This Doctor Filmed Himself Having Sex With Patient: What Happened Next Will Shock You! READ ALSO! I Never Knew There Was Something Sweet In Women Until I Married — ‘Virgin’ Pastor]]>