President Muhammadu Buhari, on Tuesday, May 2, approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the Treasury Single Account (TSA).
Buhari also granted the request of the Board of MOFI to charge management and transaction fees; and the inclusion of the Minister of Power in the Governing Council.
The President stated that the MOFI was launched on February 1, 2023, to transform it from a registry of investment records to a World-Class Asset and Investment Management Company.
He noted that MOFI must be supported to exercise its responsibility of achieving strong returns on investments, while also contributing to the broader economic development of the country.
Details later…
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