The Ministry of Finance Incorporated (MOFI) and the Bureau of Public Enterprises (BPE) on Tuesday entered a collaborative partnership aimed at bolstering the federal government’s asset management and investment prospects.
The agreement, witnessed by the Deputy Chief of Staff to the President (Office of the Vice President), Ibrahim Hadejia, at the State House in Abuja, is part of the Presidential Enabling Business Environment reforms, which have streamlined government operations.
The MoU seeks to establish a clear relationship between the two entities, ensuring the effective delivery of their respective mandates, particularly in optimising government assets.
Speaking while presiding over the event, Hadejia said the partnership followed MOFI’s recent reform, which redefined some of its roles and created new mandates, leading to overlaps with the BPE’s existing responsibilities. His words: “We are here today for the joint signing of a memorandum of understanding between MOFI and the BPE. This is a result of the federal government’s reform of MOFI, which redefined some of its roles and created new mandates. We identified some overlaps between the new MOFI mandate and what the BPE is doing.”
