/Investor DB

Ministry of Finance Incorporated

Government fund

Abuja · 20 people tracked

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Investment thesis

MOFI's investment approach is grounded in principles drawn from its government mandate, prioritizing sustainability, long-term value creation, and transparency. It manages a diversified portfolio across sectors including infrastructure, financial services, extractives, agriculture, manufacturing, and technology, seeking robust risk-adjusted returns while supporting Nigeria's national development and economic growth. The entity emphasizes environmentally responsible investing, risk mitigation through sector diversification, and adherence to international governance standards. MOFI invites both investors seeking long-term value and project owners to partner through a structured proposal process, aspiring to grow its holdings to at least 100 trillion naira over a decade.

Source: firm website, verified Oct 2, 2026.

HQ
Abuja, NG
Instruments
Equity
Tracked investments
17

Team · 20 people

from the firm's website
Armstrong Ume Takang· MD/CEO; Secretary of the Governing Council

Managing Director/CEO of MOFI and Secretary of the Governing Council.

Abdulqawil Bello· Corporate Secretary / Chief Legal Officer
Alheri Bulus Nyako· Non-Executive Director
Bola Ahmed Tinubu· Chair (President)

Serves as Chair of the MOFI Governing Council in his capacity as President of Nigeria.

Bolaji Elelu· Non-Executive Director
Chantelle Adbul· Non-Executive Director
Femi Ogunseinde· Executive Director, Investment Management / Chief Investment Officer

Executive Director of Investment Management and Chief Investment Officer at MOFI.

Festus Keyamo· Member, Governing Council (Minister of Aviation)
Heineken Lokpobiri· Member, Governing Council (Minister of State Petroleum Resources, Oil)
Ike Chioke· Non-Executive Director
Jumoke Oduwole· Member, Governing Council (Minister of Industry, Trade and Investment)
Nana Fatima Mede· Non-Executive Director
Olayemi Cardoso· Member, Governing Council (Governor of the Central Bank of Nigeria)
Oluwakemi Owonubi Babalogbon· Executive Director, Risk Management
Sa'idu Ahmed Alkali· Member, Governing Council (Minister of Transportation)
Sani Yakubu· National Coordinator, MREIF
Shamsuddeen Usman· Board Chairman
Tajudeen Datti Ahmed· Executive Director, Portfolio Management / Chief Portfolio Officer
Zaynab Usman Muazu· Head, Corporate Services / Human Capital

Investments · 17 tracked

founders shown can be your intro path
Ajaokuta Steel Company Limitedajaokutasteel.com.ng

Integrated steel complex conceived as a metallurgical process and engineering plant.

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Abuja Electricity Distribution CompanyAfdbAfrica ReAfrican Development BankAfrican Export-Import BankAfrican Re-Insurance CorporationBank of AgricultureBank of IndustryBenin Electricity Distribution CompanyBio Vaccines Nigeria LimitedBoanigDDevelopment Bank of NigeriaEkedpEko Electricity Distribution CompanyMinesandsteel

Frequently asked questions

How many investments has Ministry of Finance Incorporated made?
Ministry of Finance Incorporated has 17 tracked investments.
What sectors does Ministry of Finance Incorporated focus on?
Ministry of Finance Incorporated focuses on Advanced Manufacturing, AgTech, Energy, Fintech, Healthtech, Logistics & Supply Chain, PropTech.
Where is Ministry of Finance Incorporated located?
Ministry of Finance Incorporated is headquartered in Abuja, NG.

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