Takang: Tinubu’s Reforms Repositioning Economy, Unlocking Value from Public Assets

Nigeria's economic reforms under President Bola Tinubu are building a stronger foundation for sustainable growth by repositioning key public institutions and unlocking value from government-owned assets, declared Dr. Armstrong Ume Takang, Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI).

In a Democracy Day message, Takang highlighted that the administration's efforts to strengthen economic governance and improve institutional performance are redefining the role of public assets in national development. He congratulated Tinubu, Vice President Kashim Shettima, and Nigerians, noting that the country's democratic journey provides the framework for institutional reforms capable of driving long-term economic transformation.

Takang explained that a major outcome of the reform agenda has been the transformation of MOFI into a strategic asset management institution. This new mandate focuses on preserving, growing, and optimizing the value of federal government commercial assets. He stated that this repositioning reflects the president's vision for more efficient management of public resources to deliver measurable economic value.

The MOFI chief emphasized that the renewed focus on professional asset ownership, improved corporate governance, and value creation across government-owned enterprises is enhancing accountability and the contribution of state-owned assets to economic growth. He noted that decades of viewing public assets primarily as administrative holdings are changing, with a new framework prioritizing asset optimization, transparency, and value creation in public sector management.

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Democracy provides the foundation for institutional growth and economic