Ministry of Finance Incorporated

Overview

Established in 1959 under the MOFI Act, the Ministry of Finance Incorporated (MOFI) serves as the sole manager of federal government investment interests, estates, and rights. Its mandate positions it as a strategic institution supporting the Federal Government in addressing economic challenges and driving economic renewal. Over the decades, MOFI has managed a significant portfolio of federal government investments, spanning approximately 130 asset classifications, including Government-Owned Entities (GOEs) and Government-Linked Companies (GLCs), in which it controls a majority stake in more than half. MOFI's investment strategy focuses on optimizing, reinvesting, and diversifying Nigeria's income streams through comprehensive portfolio analysis and expert workforce management. The organization aims to grow its assets under management to a minimum of NGN 100 trillion over the next 10 years. Its portfolio encompasses various sectors, including power, financial services, manufacturing, health, real estate, infrastructure finance, ICT, oil and gas, communications, transportation, aviation, hospitality, and agriculture. Guided by purpose and driven by principles, MOFI is committed to transforming national wealth into sustainable prosperity. Its investment philosophy emphasizes responsible and performance-oriented management of state finances, transparent government operations, and an effective organizational structure. The organization aspires to increase the economic impact of its portfolio companies by generating a minimum of USD 10 billion in additional GDP by 2033 through strategic investments and partnerships that drive innovation, productivity, and competitiveness.