Why infrastructure, govt assets are growing – MOFI

The Managing Director and Chief Executive Officer of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Ume Takang, has disclosed that Nigeria’s democracy has been instrumental to growth of public infrastructure government owned assets as well as the entire economy. Speaking over the weekend as Nigeria marked Democracy Day 2026, Takang said the country’s democratic […]

The Managing Director and Chief Executive Officer of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Ume Takang, has disclosed that Nigeria’s democracy has been instrumental to growth of public infrastructure government owned assets as well as the entire economy.
Speaking over the weekend as Nigeria marked Democracy Day 2026, Takang said the country’s democratic system has created an atmosphere for reforms aimed at improving building nstitutions and unlocking value from government-owned assets.
“Democracy provides the foundation for institutional growth and economic progress. The ongoing reforms within the public sector, particularly the effort to unlock value from government-owned assets, demonstrate long-term vision and a commitment to national development,” he said.
According to him, one of the notable outcomes of the administration’s reform programme has been the repositioning of MOFI as a strategic asset management institution charged with preserving, growing and optimising the value of the Federal Government’s commercia assets.
The agency, which oversees the government’s investments and shareholdings in state-owned enterprises, has undergone significant reforms recently, aimed at shifting its role from passive asset holding to active portfolic management.