Business

Buhari Inaugurates Ministry of Finance Incorporated

Nigeria President Muhammadu Buhari has  inaugurated the Ministry of Finance Incorporated (MOFI), which is the federal government’s investment vehicle.

It is part of overall measures to revive and restructure non- performing assets and boost government revenue.

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 and the Governor of the Central bank. 

The president in his remarks charged the governing council and board of directors to among other things prioritize government investments to deriving highest returns from the current estimated 18trillion Naira to 100 trillion Naira in 10years 

The inauguration preceded the weekly meeting of the federal executive council which is currently underway.

Follow us on:

AriseNews

Recent Posts

Netanyahu Risks Arrest in UK as ICC Issues Warrant Against Him For War Crimes

Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…

35 mins ago

Second Australian Teen Dies from Suspected Methanol Poisoning in Laos

A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…

42 mins ago

Simon Ekpa Arrested, Denies Being IPOB Leader + Atiku Says Tinubu’s Loans Are Bone-Crushing – Trending With Ojy Okpe

https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…

1 hour ago

Gatwick Airport South Terminal Evacuated, Bomb Disposal Team Deployed Suspicious Item Found In Luggage

Gatwick Airport's South Terminal was evacuated after a suspected prohibited item was found, prompting bomb…

1 hour ago

Trump Considers Kevin Warsh for Treasury Secretary, Role Of Chairman Of Federal Reserve

Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…

4 hours ago

Hyundai Recalls 145,235 Electrified Vehicles In The US Due To Power Loss Issue

Hyundai has recalled 145,235 electrified vehicles in the US. due to potential loss of drive…

4 hours ago