MOFI Launches N100bn Project Preparation Fund To Stimulate Investments

By Nana Musa

The Ministry of Finance Incorporated (MOFI) has launched a N100 billion project preparation fund to stimulate investments in Nigeria.

The Managing Director/Chief Executive of MOFI, Mr Amstrong Takang said at the Public Wealth Management Conference in Abuja on Tuesday.

“As part of a broader strategy to deal with these challenges, MOFI have the trusted custodian and the shareholder for the Federal Government of Nigeria’s investment assets is executing a number of initiatives aimed at contributing towards building a more inclusive and sustainable economy.

“The conference will foster collaboration among stakeholders, facilitating the exchange of insights, experiences, and best practices in managing public assets.

“By working together the stakeholders can find innovative solutions to the to the challenges faced by the economy,” Takang said.

He said that the efficiency, transparency and accountability are at the heart of effective public wealth management.

Also, the conference would be used as an avenue to optimize the performance and returns from federal government’s assets under MOFI’S management.

Takang said that MOFI management would ensure that they deliver maximum value for the country.

“Giving the importance of public wealth in rebuilding the economy, especially at a time when there is a need for more focus on domestic resource mobilisation, now is the time to encourage the exploration of innovative mechanisms such as public private partnerships and alternative financing models.

“By unlocking hidden value in public assets, the country can attract investments and drive economic growth for Nigerians,” Takang said.

He also said that the conference would provide potential investors with data-driven insights on federal government assets, MOFI can attract the capital need to the fuel economic development and create jobs for Nigerians.

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