President Muhammadu Buhari has officially launched the Ministry of finance incorporated which was originally set in 1959 through an act of parliament, as a custodian of the Federal government’s investments in various Government-linked companies and Government owned Enterprises.
President Buhari tasked the new Governing Council and the Board to raise the value of the MoFI’s portfolio from the current 18 trillion naira to 100 trillion nairas by 2033.
The President stated that the new leadership takes steps to mobilize capital and invest same in assets that are critical to the Federal Government’s revenue drive, to primarily convert the nation's current assets into cash-flow generating entities.
