Federal Government Aims To Reach N100 Trillion Asset Milestone Via Capital Market Route


The Ministry of Finance Incorporated (MOFI), representing the investment interests of the Federal Government, is actively focusing its efforts on the capital market to secure funds in pursuit of its ambitious objective of managing assets worth N100 trillion over the course of a decade.

The announcement was made on Monday during a closing ceremony held in honor of MOFI at the Nigerian Exchange Limited in Lagos. Dr. Armstrong Takang, the Managing Director of MOFI, emphasized the importance of leveraging the capital market to acquire funds for investment ventures and government initiatives.

He highlighted that the capital market offers an avenue to raise funds; reducing the necessity for borrowing. Drawing inspiration from successful models in other countries, Dr. Takang urged the adoption of similar strategies for funding infrastructure projects.

Temi Popoola, the CEO of the Nigerian Exchange Limited, welcomed MOFI’s goal and assured collaborative support from the market and stakeholders. He highlighted the positive momentum in the local investment landscape and expressed optimism about supporting initiatives like MOFI’s.

Oluwole Adeosun, President of the Chartered Institute of Stockbrokers, envisioned a transformative journey for Nigeria’s assets, foreseeing their evolution from passive holdings to active, tradable securities. He predicted a substantial increase in their value upon listing on the exchange, showcasing the potential for value creation in the capital market.

Sam Onukwue, Chairman of the Association of Securities Dealing Houses of Nigeria, commended MOFI’s management and anticipated increased transparency and discipline in government entities through engagement with the capital market. He noted MOFI’s commitment to bringing institutions to the market; signaling a departure from recent privatization trends and encouraging the trading of government securities.

Tinu Awe, CEO of NGX Regulation Limited, emphasized the regulatory safeguards in place to ensure the security of MOFI’s assets within the exchange. She welcomed MOFI’s partnership with NGX and underscored the commitment to transparency, integrity, and issue resolution.

MOFI, representing the Federal Government’s investment interests, has set its sights on the capital market to raise funds, aiming to manage assets valued at N100 trillion in the span of a decade. The capital market route is seen as an alternative to borrowing, with potential to enhance the value of assets and instill transparency and discipline in government entities.

Stakeholders within the Nigerian financial landscape expressed support for MOFI’s aspirations and highlighted the regulatory measures ensuring the safety of assets within the exchange.









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