By optimizing income streams and embracing innovation,
we build a stronger foundation for national economic resilience.
Who We Are
The Ministry of Finance Incorporated (MOFI) , a state-owned asset management company, fosters national prosperity by optimizing, reinvesting, and diversifying the country’s income streams through comprehensive portfolio analysis and expert workforce management for long-term wealth proliferation.
The MOFI Story
The Ministry of Finance Incorporated (MOFI), established in 1959, 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.
Its mandate as the sole manager of all federal government investment interests, estates, easements, and rights positions it as a strategic institution to support the Federal Government’s effort to address several economic challenges and spur economic renewal.
Over the decades of its existence, MOFI, by virtue of the provisions of its enabling Act, has been in charge of managing 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 VISION
To become a world-class active investment vehicle that creates wealth for all generations and contributes to the development of the Nigerian economy.
OUR 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 and build a prosperous nation that attracts investors.
Creating wealth for all generations requires a commitment to strategic investments and economic growth
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 through our portfolio companies, 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.
Asset Classes