The Ministry of Finance Incorporated (MOFI), 1959

MOFI was incorporated under the provisions of Sections 2 and 3 of the Ministry of Finance Incorporated (MOFI) Act of 1959 as an asset holding company under the Federal Ministry of Finance.

ts mandate as the sole manager of all federal government investment interests, estates, easement and rights, positions it as a strategic institution to support the Federal Government’s effort to address several economic challenges and spur a renewal of the economy.

Over the decades of its existence, MOFI, by virtue of the provisions of its enabling Act, has been is in charge of the management of a significant portfolio of Federal Government investments, spanning a wide range of about 130 asset classifications, including Government Owned Entities (GOEs) and Government Linked Companies (GLCs), in which it controls a majority stake in more than half of them.

Our Strategic Pillars


Professionalising state ownership
We work to ensure all state-owned entities are professionally managed and positioned to achieve greater economic impact.
Finance the economy
With 52 companies, ₦18 trillion estimated value of holdings and over 15,000 people employed, we are a significant financial driver of the Nigerian economy.
Source funding and investments for GOEs and GLCs
We have the capacity to source for and acquire funding for the growth and development of all the companies under our portfolio.
Advance socio-economic objectives
We are committed to pursuing initiatives that generate profit and impact all key sectors and areas of the Nigerian economy.

Our Corporate Philosophy


Vision

To become a world-class active investment vehicle that creates wealth for all generations and contributes to the development of the Nigerian economy.

Mission

  • Enhance the financial performance of portfolio companies.
  • Invest with the intent of preserving socioeconomic value through catalysing growth in priority sectors.
  • Develop a culture of performance and efficiency.
  • Build a prosperous nation that attracts investors.

The Scope of MOFI's Activities




High-growth priority sectors

We devote up to 80% of new investment funds to identified sectors, including manufacturing, digital services, and agriculture.

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Asset classes

We ensure a well diversified portfolio across sectors and asset classes, from energy to manufacturing and agriculture.

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Geography

We aim to grow our portfolio in Nigeria while exploring opportunities for diversification in the global market.

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Our Asset Classes


Corporate assets

Corporate assets owned wholly or partly by the federal government. I.e. shares of publicly traded entities, limited-liability entities, and foreign-based and other businesses.

Financial assets

Financial assets (such as public and private equity investment, fixed income, and hedge funds). Fixed assets (including real estate)

Fixed assets

Fixed assets (including real estate)

Mineral and intangible assets

Mineral and intangible assets (hydrocarbons)

Cash-flow-generating transactions

Cash-flow-generating transactions, such as concession agreements and public private partnerships