The Federal Government has taken a decisive step to unlock Nigeria’s economic potential by directing the Ministry of Finance Incorporated (MOFI) to optimize the management of government assets.
This initiative aims to maximize asset value, stimulate economic growth, and generate revenue for national development.
The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, made this call during a meeting in Abuja with a high-level MOFI delegation led by Managing Director, Dr. Armstrong Ume Takang.
She emphasized that, globally, well-managed public assets play a crucial role in economic development, revenue generation, and public service efficiency.
Dr. Uzoka-Anite cited Australia, the UK, and Singapore as examples of countries that have successfully implemented robust asset management strategies, integrating financial oversight, asset lifecycle planning, and strategic investment.
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She urged MOFI to adopt a similar approach, ensuring transparency, accountability, and value delivery in line with its mandate.
As part of this strategic alignment, the Minister tasked MOFI with developing policies that will:
Enhance job creation and economic impact
Diversify investments across industries and asset classes
Collaborate with MDAs and global financial institutions for increased efficiency
Conduct a comprehensive valuation of Federal Government assets within and outside Nigeria, with clear milestones and timelines
In response, Dr. Armstrong Ume Takang reaffirmed MOFI’s commitment to transparency, accountability, and strategic asset management. He highlighted ongoing efforts to partner with key stakeholders, optimize government investments, and drive long-term economic sustainability.
This partnership between the Federal Government and MOFI is expected to unlock dormant economic value, create jobs, and strengthen Nigeria’s financial resilience. With effective governance, collaboration, and innovation, this initiative is set to leave a lasting impact on Nigeria’s economic landscape.
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