In a bid to unlock Nigeria’s economic potential, the Federal Government has tasked the Ministry of Finance Incorporated (MOFI) with optimizing the management of public assets to drive national development, job creation, and revenue generation.
The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, made the call on Tuesday in Abuja while receiving a high-level delegation from MOFI, led by its Managing Director, Dr. Armstrong Ume Takang.
Director of Information and public Relations, Muhammed Manga quoted Dr. Uzoka-Anite to have emphasized that globally, efficient asset management plays a vital role in economic growth, citing Australia, the United Kingdom, and Singapore as examples of nations that have successfully integrated financial management, asset lifecycle planning, and strategic oversight to maximize public wealth.
She urged MOFI to operate with transparency and accountability, ensuring it remains a trusted custodian of government assets. According to her, proper asset management will not only strengthen Nigeria’s economy but also improve service delivery and job creation for citizens.
“MOFI must adopt strategies that will have a direct economic impact on Nigerians, particularly in job creation. Diversifying investments across industries and asset classes will help enhance economic resilience and sustainable growth,” she stated.
The minister also called on MOFI to collaborate with other Ministries, Departments, and Agencies (MDAs) and international financial bodies to improve its effectiveness. Additionally, she directed the agency to develop and submit a roadmap for the valuation and remuneration of all Federal Government assets, both within and outside Nigeria, with clear milestones and timelines.
In response, Dr. Armstrong Ume Takang reaffirmed MOFI’s commitment to transparency and accountability. He disclosed that MOFI has already developed strategic plans to optimize asset management, including partnerships with MDAs to stimulate economic growth and employment.
Dr. Takang further highlighted that diversifying government investments across multiple industries would help fortify Nigeria’s economy against shocks while ensFG Directs MOFI to Maximize Government Assets for Economic Growth**
In a bid to unlock Nigeria’s economic potential, the Federal Government has tasked the Ministry of Finance Incorporated (MOFI) with optimizing the management of public assets to drive national development, job creation, and revenue generation.
The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, made the call on Tuesday in Abuja while receiving a high-level delegation from MOFI, led by its Managing Director, Dr. Armstrong Ume Takang.
Director of Information and public Relations, Muhammed Manga quoted Dr. Uzoka-Anite to have emphasized that globally, efficient asset management plays a vital role in economic growth, citing Australia, the United Kingdom, and Singapore as examples of nations that have successfully integrated financial management, asset lifecycle planning, and strategic oversight to maximize public wealth.
She urged MOFI to operate with transparency and accountability, ensuring it remains a trusted custodian of government assets. According to her, proper asset management will not only strengthen Nigeria’s economy but also improve service delivery and job creation for citizens.
“MOFI must adopt strategies that will have a direct economic impact on Nigerians, particularly in job creation. Diversifying investments across industries and asset classes will help enhance economic resilience and sustainable growth,” she stated.
The minister also called on MOFI to collaborate with other Ministries, Departments, and Agencies (MDAs) and international financial bodies to improve its effectiveness. Additionally, she directed the agency to develop and submit a roadmap for the valuation and remuneration of all Federal Government assets, both within and outside Nigeria, with clear milestones and timelines.
In response, Dr. Armstrong Ume Takang reaffirmed MOFI’s commitment to transparency and accountability. He disclosed that MOFI has already developed strategic plans to optimize asset management, including partnerships with MDAs to stimulate economic growth and employment.
Dr. Takang further highlighted that diversifying government investments across multiple industries would help fortify Nigeria’s economy against shocks while ensuring long-term financial sustainability.
With the Federal Government and MOFI aligning their strategies, the initiative is set to drive Nigeria’s economic transformation, leveraging government assets for wealth creation and improved public service delivery.
This renewed focus on asset management, transparency, and collaboration is expected to leave a lasting impact on Nigeria’s economic landscape, positioning the country for sustained growth and prosperity.
uring long-term financial sustainability.
With the Federal Government and MOFI aligning their strategies, the initiative is set to drive Nigeria’s economic transformation, leveraging government assets for wealth creation and improved public service delivery.
This renewed focus on asset management, transparency, and collaboration is expected to leave a lasting impact on Nigeria’s economic landscape, positioning the country for sustained growth and prosperity.