The Ministry of Finance Incorporated (MOFI), the Federal Government of Nigeria’s asset manager, recently hosted the leadership of Zenith Bank Plc at its Abuja headquarters to discuss opportunities for strategic collaboration aimed at accelerating inclusive growth and development across the nation.
The high-profile meeting saw Dr. Armstrong Takang, Chief Executive Officer of MOFI, receive a delegation led by Mr. Jim Ovia, Founder and Chairman of Zenith Bank Plc, and Dame (Dr.) Adaora Umeoji, the Group Managing Director/CEO of the bank.
In a statement following the engagement, Dr. Takang emphasized the strategic importance of aligning with key private sector institutions like Zenith Bank, which have a demonstrated history of commitment to Nigeria’s economic project.
“At MOFI, we have always valued the powerhouses driving the Nigerian economy through strategic investments, innovation, and long-term commitment to the Nigerian growth project,” Dr. Takang noted.4 “Zenith Bank Plc is one such brand that has demonstrated faith in the promise of Nigeria, and has seen this faith robustly rewarded.”
The meeting aligns with MOFI’s stated mandate, which is to optimize, reinvest, and diversify the country’s income streams through the professional management of the Federal Government’s vast portfolio of assets and investment interests. A key pillar of MOFI’s strategy involves actively building broad-based partnerships across sectors to create vehicles for intervention, impact, and sustainability in the Nigerian economy.
The collaboration with Zenith Bank, a leading financial institution, is viewed by MOFI as a “welcome development” that supports the organization’s strategic vision of creating solid pathways for inclusive growth and development.
Dr. Takang concluded the statement by personally commending the bank’s founder, Mr. Jim Ovia, calling him “one of the bold symbols of entrepreneurial vision and private sector excellence in Nigeria.” He added, “I am glad that his ambitious project continues to break new grounds. He is one son of Nigeria that we are truly proud of.”
This engagement signals a continued push by MOFI under the current administration to actively leverage and partner with the private sector to unlock value from government assets and drive economic renewal.
