President Muhammadu Buhari has inaugurated the Governing Council, Board of Directors and the Executive Management Team of the Ministry of Finance Incorporated, at the council chambers of the State House, Abuja.
President Buhari tasked the new Governing Council and Board to raise the value of the MoFI’s portfolio from the current N18tn to N100tn ($233m) by 2033 during the official launch which preceded this week’s Federal Executive Council meeting.
In his address, the President said the new leadership will take steps to mobilise capital and invest the same in assets that are critical to the Federal Government’s revenue drive.
According to the President who is Chairman of the Governing Council alongside the Minister of Finance, Budget and National Planning, Zainab Ahmed as Vice Chair, the inauguration of the council has become necessary to optimize returns on existing investments.
The President presided over the launch before the commencement of the council meeting.
