The Ministry of Finance Incorporated and the Chartered Risk Management Institute of Nigeria have signed a landmark Memorandum of Understanding to boost the risk management capacity across Federal Government portfolio companies.
The signing ceremony, held at MOFI’s headquarters in Abuja, marked a significant step towards institutionalising risk culture in Nigeria’s public sector enterprises.
According to a statement on Tuesday, the President and Chairman of Council, CRMI, Kevin Ugwuoke, commended MOFI for its leadership and economic impact.
Ugwuoke highlighted that with an estimated asset value of N18tn, over 15,000 indirect employees, and confirmed shareholding in more than 52 entities, MOFI is on the right track to achieving its long-term goal of expanding its portfolio to at least N100tn within the next decade.
He further applauded the leadership of Armstrong Ume Takang, Managing Director/Chief Executive Officer of MOFI, alongside Executive Director of Risk Management, Oluwakemi Babalogbon, and Executive Director of Portfolio Management, Tajudeen Ahmed, for their dedication to embedding strong risk practices.
