MOFI, the special purpose investment vehicle and asset custodian agency of the Federal Government of Nigeria, plans to identify, revive, and list all moribund government assets on Nigerian stock exchanges. The plan aims to grow MOFI's Asset Under Management (AUM) to a minimum of N100 trillion over the next decade, increasing economic impact on Nigerians. MOFI is collaborating with stakeholders like the Chartered Institute of Stockbrokers, CIS, Association of Stockbroking Houses of Nigeria, ASHON, NGX, and stockbrokers to revive and list moribund government assets transparently, leading to transformation and economic value. The collaboration aims to professionalize public wealth management and create growth across industries. NGX CEO Temi Popoola commended MOFI for its role as the custodian of government investments and assets, emphasizing the partnership's potential to facilitate capital access for listed entities and contribute to Nigeria's capital market advancement.
Index to Nigerian Newspapers
