Democracy Day: Takang credits Tinubu reforms for MOFI’s transformation

Armstrong Ume Takang, managing director of the Ministry of Finance Incorporated, credited President Bola Tinubu’s reform agenda for transforming the federal government’s asset management institution. In a Democracy Day statement, Takang said stronger corporate governance and professional asset ownership are unlocking value from public assets. MOFI has shifted from passive asset holding to active portfolio management, strengthening governance across state-owned enterprises and improving transparency. The institution is also building a comprehensive register of federal assets to attract private capital.

“Democracy provides the foundation for institutional growth and economic progress,” Takang said. “The ongoing reforms demonstrate the possibilities that emerge when leadership is guided by a long-term vision.” He congratulated President Tinubu, Vice President Kashim Shettima, and Nigerians on the country’s democratic journey, noting that MOFI’s transformation is helping government-owned enterprises generate sustainable economic value.