…Says stronger governance is unlocking value from public assets
Armstrong Ume Takang, managing director and chief executive officer of the Ministry of Finance Incorporated (MOFI), has credited President Bola Tinubu’s reform agenda for the transformation of the federal government’s asset management institution, saying stronger corporate governance and professional asset ownership are helping unlock value from public assets.
In a Democracy Day statement personally signed on Friday, Takang congratulated President Tinubu, Vice President Kashim Shettima and Nigerians on the country’s democratic journey, while highlighting what he described as the growing role of institutional reforms in driving economic progress.
According to him, one of the notable outcomes of the administration’s reform programme has been the repositioning of MOFI as a strategic asset management institution charged with preserving, growing and optimising the value of the Federal Government’s commercial assets.
The agency, which oversees the government’s investments and shareholdings in state-owned enterprises, has undergone significant reforms in recent years aimed at shifting its role from passive asset holding to active portfolio management.
