The President, Major General Muhammadu Buhari (retd. ), inaugurated the Governing Council, Board of Directors, and Executive Management Team of the Ministry of Finance Incorporated on Wednesday at the State House council chambers in Abuja.
Buhari charged the new Governing Council and Board at the ceremonial inauguration, which preceded this week’s Federal Executive Council meeting, with increasing the value of the MoFI’s portfolio from N18tn to N100tn ($233m) by 2033.
The President stated in his presentation that the new administration will take steps to mobilise funds and invest it in assets important to the Federal Government’s revenue strategy.
He stated that this would entail resurrecting and restructuring non-performing assets in order to transform them into aggressive cashflow-generating enterprises.
According to Buhari, the inauguration of Governing Council, Board and Executive Management Team became necessary to optimize returns on existing investments.
The governing council is chaired by the President, with the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, as Vice Chair.
STRIKE: Gbajabiamila Summons Finance, Education Ministers, ASUU President
Its members include the Minister of Petroleum Resources, Timipre Sylva (State); Aviation, Hadi Sirika; Industry, Trade and Investment, Niyi Adebayo, Transportation, Mu’azu Sambo; Central Bank Governor, Dr Godwin Emefiele and three experts appointed by the President: Prof. Muhammad Sagagi, Dr Ayo Teriba and Prof. Ken Ife.
The Board members include: Former Finance Minister, Shamsudeen Umar (Chairman), Permanent Secretaries of the Ministries of Finance and Petroleum Resources, Acting Accountant-General of the Federation, Olawale Edun, Fatima Mede, Ike Chioke, Muhammad Nda, Alheri Nyako and an executive from the CBN.
Members of the Executive Management Team are Dr Armstrong Takang (MD), Eric solo (ED, Chief Portfolio Officer), Sani Yakubu (Chief Investment Officer), Oluwakemi Owonubi (Chief Risk Officer).
After the inauguration, the President proceeds to chair the Federal Executive Council meeting proper.
Present are all council members including Vice President, Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha; the President’s Chief of Staff, Prof. Ibrahim Gambari; Ministers and Ministers of State of various ministries.
Follow us on Facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.
