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28
Thu, Mar

Buhari Inaugurates MOFI Board

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President Muhammadu Buhari has officially inaugurated the Ministry of Finance Incorporated (MOFI) Board. The board entails the Governing Council, Board of Directors, and Executive Management Team. While addressing the council, Buhari said the new leadership will take steps to mobilise capital and invest it in assets critical to the Federal Government’s revenue drive, primarily to convert the nation’s current assets into cash-flow generating entities.

He went on to charge the new governing council and board with increasing the portfolio’s value from N18 trillion to N100 trillion by 2033.

The President (Buhari) will preside over the Governing Council, with Zainab Ahmed, the Minister of Finance, Budget, and National Planning, serving as his deputy.

MOFI was first established in 1959 by an act of parliament, serving as a custodian of the Federal government’s investments in various Government-linked companies and Government-owned Enterprises.

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