National Assets Set for Listing as MOFI and Capital Market Join Forces
By Patience Ikpeme
The Ministry of Finance Incorporated (MOFI) has embarked on a strategic partnership with the Nigerian capital market, thus paving the way for the listing of valuable national assets.
If successful, the listing of the yet to be mentioned national assets will inject fresh revenue into the government coffers. This collaboration promises to revitalize the asset management landscape and unlock hidden potential within Nigeria’s economy.
Dr. Armstrong Takang, Managing Director of MOFI, disclosed that “in the next coming months, we will see transactions coming through the partnership.” This signifies a tangible outcome of the ongoing engagement between MOFI and capital market stakeholders.
Beyond immediate financial gains, Dr. Takang highlighted the broader significance of this collaboration. “That visit (to the capital market) was quite remarkable. Many people didn’t really know who or what MOFI was,” he acknowledged, emphasizing the need for transparency and communication.
The visit he said served a vital purpose: educating key stakeholders, comprising capital market operators, about MOFI’s mandate and vision. This exchange fostered understanding and laid the groundwork for future cooperation.
Dr. Takang emphasized the critical role of private sector engagement. “Success is partly based on the extent to which you can engage the private sector,” he explained. “We need to mobilize private capital and leverage their expertise to manage our investments better.”
The response from the capital market has been encouraging. “Many of them are expressing interest in some of the assets that we own,” Dr. Takang revealed. “They are reaching out to see how they can work with us to raise capital and invest in different sectors of the economy.” This surge in interest underscores the potential of this partnership to unlock value and generate shared prosperity.
Dr. Takang noted that the outcome of these engagements transcends transactional gains. “The level of engagement we are having now is at a higher and better quality than it was before,” he stated. This improved communication and collaboration augur well for the future of asset management in Nigeria.
Looking ahead, the listing of national assets on the capital market holds immense promise. This strategic partnership can unlock hidden value, attract private investment, and generate sustainable revenue for the government. By leveraging expertise and fostering trust, MOFI and the capital market can empower Nigeria’s financial landscape and fuel economic growth for the future.
