Buhari inaugurates Ministry of Finance Board, Council

• Published date: 02 February 2023
• Publication title: Nigeria - The Nation

President Muhammadu Buhari yesterday inaugurated the Governing Council, Board of Directors and Executive Management Team of the Ministry of Finance Incorporated (MOFI).

Buhari performed the ceremony in the Council Chambers of the Presidential Villa, Abuja, before the commencement of the week's Federal Executive Council (FEC) meeting.

MOFI, an investment vehicle, is part of measures to revive and restructure non-performing assets and boost government revenue.

The President tasked the new Board, chaired by former Minister of Finance, Shamsudeen Usman, to raise the value of MOFI's portfolio from the N18 trillion to N100 trillion by 2033.

The President said the Governing Council is fully set up as a world-class investment company with a new management and board, with core...