BUHARI INAUGURATES MINISTRY OF FINANCE INCORPORATED
TARGETS N100TRN REVENUE IN 10YEARS
President Muhammadu Buhari has inaugurated the Ministry of Finance Incorporated (MOFI), the federal government’s investment vehicle, as part of overall measures to revive and restructure non- performing assets and boost government revenue
At the official launch at the council chambers which preceded this week’s Federal Executive Council meeting, Buhari charged the governing council and board of directors to among other things prioritise government investments to deriving highest returns from the current estimated 18trillion Naira to 100 trillion Naira by 2033
The investment agency according to the president who is the chairman of the governing council is fully set up as a world class investment company with a new management and board, with core professionals with specialisation in portfolio management.
Other members of the council include Ministers of finance, aviation, trade and investment, transportation ,minister of state petroleum resources , the Governor of the Central bank and
and three experts appointed by the President: Prof. Muhammad Sagagi, Dr Ayo Teriba and Prof. Ken Ife.
Members of the Executive Management Team are: Dr Armstrong Takang (MD), Eric solo (ED, Chief Portfolio Officer), Sani Yakubu (Chief Investment Officer), Oluwakemi Owonubi (Chief Risk Officer)