The Ministry of Finance Incorporated (MOFI) has been directed to develop and submit a detailed roadmap for the remuneration and valuation of all Federal Government of Nigeria (FGN) assets, both domestic and international.
Key Directives
- Clear Milestones and Timelines: The roadmap must outline strategic goals for maximizing asset value.
- Transparency and Accountability: MOFI must ensure open processes in asset valuation and management.
- Economic Growth Focus: Asset optimization must contribute to job creation and economic diversification.
Government’s Vision for Asset Management
Minister of State for Finance, Dr. Doris Uzoka-Anite, emphasized that effective asset management is critical for unlocking Nigeria’s economic potential.
“Countries like Australia, the UK, and Singapore have implemented robust asset management policies that integrate financial planning and strategic investments,” she stated.
MOFI’s Strategic Plan
Managing Director of MOFI, Dr. Armstrong Ume Takang, reaffirmed MOFI’s commitment to:
- Collaborating with Ministries, Departments, and Agencies (MDAs) to drive economic growth.
- Diversifying investments across industries and asset classes for resilience.
- Enhancing revenue generation through efficient asset utilization.
With transparency, accountability, and collaboration at its core, this initiative will play a pivotal role in boosting Nigeria’s economy, creating jobs, and ensuring long-term sustainability.
