Our Strategic Business Areas

MOFI employs a comprehensive Asset Allocation
Strategy, blending both strategic and tactical approaches

MOFI employs a comprehensive Asset Allocation Strategy, blending both strategic and tactical approaches. The strategic allocation sets long-term targets based on investment goals, risk tolerance, and economic factors, while tactical allocation allows short-term adjustments to capitalize on
market conditions.

The process involves selecting asset classes, defining returns and risks, understanding relationships between classes, setting investment constraints, and establishing a neutral benchmark.
MOFI’s Diversification Strategy focuses on leveraging partnerships to diversify Nigeria’s revenue sources. This includes strategic investments in high-yielding assets across innovative sectors and the creation of sectorfocused growth funds.

Performance Optimization at MOFI centres on unlocking value in its Assets under Management. Actions include professionalization programs for stateowned entities, strengthening financial positions through divestments and recapitalization, creating an environment for collaboration, and active participation in strategy design and implementation.

A POOL OF OUR ASSETS ACROSS DIFFERENT ASSET CLASSES

The success stories of MOFI’s portfolio company’s underscore its role in fostering growth, job creation, and economic development across diverse sectors in Nigeria.

Investment Management

As part of efforts to mobilize resources for the Nigerian economy, MOFI has developed a strategic investment plan that accentuates priority sectors, aimed at shifting Nigeria from a consumption-based economy to production-centric, principles driven economy.

As we embark on this journey towards global competitiveness, we intend to channel public and private resources into sectors vital for economic production. We also aim to unlock investments in Agriculture, Manufacturing, the Extractive Industry, Infrastructure and Technology, while creating the enabling policies and incentives to accelerate our priority sectors.

Our strategic approach involves the systematic maturation of carefully defined opportunities, both local and foreign, and guiding them into investment ready projects. In addition, we intend to work with strategic financial partners to ensure access to adequate capital needed to power the growth of the key sectors.

MOFI’s commitment to maturing investments through this comprehensive process reflects our dedication to responsible and impactful growth. By considering the varied levels of impact on the economy, from local to global, we ensure that our investments contribute meaningfully to the prosperity of Nigeria and deliver attractive, long term and consistent returns on the investments made.

Risk Management

The Ministry of Finance Incorporated (MOFI) prioritizes a robust risk management framework aligned with international standards, notably the principles of Santiago from the International Forum of Sovereign Wealth Funds (IFSWF). This commitment ensures the integration of risk considerations across MOFI’s strategic and operational decision-making processes, aiming to enhance efficiency and assure performance outcomes.

Guided by the ISO 31000 Risk Management Guideline and COSO Enterprise Risk Management, MOFI’s risk policies and frameworks establish principles and standards for risk management across operations. These policies guide behavior, delineate accountability and foster responsibility. MOFI employs a three-line defence and RACI models for risk governance. The first line, comprising department heads and staff, acts as the primary defence, identifying and addressing risks. The second line, including the risk management and compliance team, provides leadership and support, ensuring objectives are met. The third line, represented by internal and external audit functions, offers assurance to the Board.

The risk management process at MOFI encompasses the identification, assessment, treatment, recording, monitoring, and communication of uncertainties affecting the company’s plans and objectives. Through iterative risk assessments, high and critical risk areas are prioritized, documented in MOFI’s risk register, and reported to the Board.

NATIONAL ASSETS REGISTER (NAR)

The National Assets Register is a critical foundational block to reposition MOFI as an efficient and effective custodian, manager and investor of the nation’s asset portfolio.

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View OUR portfolio COMPANIES

Ministry of Finance Incorporated (MOFI) has been restructured as the investment arm and asset manager of the Federal Government of Nigeria (FGN) and mandated as custodian and active manager of all the federal government’s investment interests, assets, estates, easements, and rights. This new mandate positions MOFI as a strategic institution that supports the federal government’s efforts to address economic challenges and spur growth in the Nigerian economy.

MOFI’s strategic approach to executing its mandate involves: Providing visibility over what the Federal Government owns; professionalising state-owned entities and other investment assets, ensuring they are effectively and efficiently managed to achieve greater economic impact; delivering optimal risk adjusted returns on FGN investments and assets in a consistent and sustainable manner; unlocking liquidity from FGN’s idle assets; and mobilising and investing capital in opportunities that are strategic to the nation’s economic and social development plans.

The restructuring of MOFI, includes a directive to build and populate a National Assets Register (NAR), a comprehensive database of all assets and investments of the Federal Government. The primary goal behind this initiative is to ensure optimal returns from the assets and investments of the Federal Government. This strategic approach forms a vital component of our comprehensive public finance management strategy and is a key step towards unlocking liquidity and capital from the nation’s valuable assets. The NAR effectively catalogues all government-owned investible assets, providing much needed visibility

INVESTING IN TODAY,
TOMORROW & THE FUTURE

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Tower 2, Bank of Industry (BOI) House, Plot 256 A0, Off Herbert Macaulay Way, Central Business District, Abuja

0700-CAL-MOFI | 0700-2255-6631 | 0916-194-9158 | info@mofi.com.nG

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