Nigeria wants private money for building roads, bridges, and other big projects. The boss at MOFI, Armstrong Takang, talked about how good business practices help attract this money. He spoke at a meeting in Abuja where they launched a new way to grade government companies. The World Bank helped set up this event about making state businesses run better. The Nigerian government hopes this makes public companies work harder for everyone.
MOFI started in 1959 but recently changed its structure. It watches over government assets and tries to make them more valuable. It counts what belongs to the federal government and fixes companies that perform poorly. It aims to attract new investments and make more money for the Nigerian people. Takang believes clean business practices will make private investors feel safe putting money into public projects.
The new grading system aims to make government offices show where money goes and work more efficiently. It checks how state companies perform and finds ways they can do better. These state businesses matter a lot because they run important parts of the country like power, roads, phone networks, and banks. Many important people came to this meeting - government officials, business leaders, experts, and managers from all over Nigeria and nearby countries.
A former planning minister named Shamsudeen Usman now runs the MOFI board. He says the government plans to prove itself through actions rather than just words. They want to show they handle money openly so private companies will partner with them. He thinks government agencies that follow good business rules should receive rewards for doing things right. The minister declared that professional standards must guide how public companies operate from now on.
Usman knows that ethics matters when running big organizations. MOFI has started making changes to improve how state companies create value. Their job involves actively managing what the government owns and making sure public businesses operate professionally. The new scorecard system helps track and improve how these companies perform. This shows the government seriously wants to make its businesses work better for everyone.
MOFI started in 1959 but recently changed its structure. It watches over government assets and tries to make them more valuable. It counts what belongs to the federal government and fixes companies that perform poorly. It aims to attract new investments and make more money for the Nigerian people. Takang believes clean business practices will make private investors feel safe putting money into public projects.
The new grading system aims to make government offices show where money goes and work more efficiently. It checks how state companies perform and finds ways they can do better. These state businesses matter a lot because they run important parts of the country like power, roads, phone networks, and banks. Many important people came to this meeting - government officials, business leaders, experts, and managers from all over Nigeria and nearby countries.
A former planning minister named Shamsudeen Usman now runs the MOFI board. He says the government plans to prove itself through actions rather than just words. They want to show they handle money openly so private companies will partner with them. He thinks government agencies that follow good business rules should receive rewards for doing things right. The minister declared that professional standards must guide how public companies operate from now on.
Usman knows that ethics matters when running big organizations. MOFI has started making changes to improve how state companies create value. Their job involves actively managing what the government owns and making sure public businesses operate professionally. The new scorecard system helps track and improve how these companies perform. This shows the government seriously wants to make its businesses work better for everyone.
