Takang: Tinubu's Reforms Shift the Economy and Unlock Value from Public Assets

James Emejo in Abuja

Dr. Armstrong Ume Takang, Managing Director and Chief Executive of the Ministry of Finance Incorporated (MOFI), announced that the economic reforms carried out by President Bola Tinubu are building a stronger foundation for sustainable growth by repositioning key public institutions and unlocking value from government‑owned assets.

In a message for Democracy Day 2026, Takang said the administration’s work to strengthen economic governance and improve institutional performance has already begun to redefine the role of public assets in national development.

He congratulated President Tinubu, Vice President Kashim Shettima, and Nigerians, noting that the country’s democratic journey has provided a framework for reforms capable of driving long‑term economic transformation.

According to Takang, Democracy Day is not only a time to celebrate the resilience of democratic governance but also an occasion to reflect on how strong institutions can support economic progress and national prosperity.

One of the major outcomes of the Tinubu administration’s reform agenda, he said, has been the transformation of MOFI into a strategic asset‑management institution with a clear mandate to preserve, grow, and optimise the value of the federal government’s commercial assets.

The repositioning of MOFI reflects the president’s broader vision of managing public resources more efficiently and deploying them in ways that deliver measurable economic value.

Takang explained that the renewed focus on professional asset ownership, improved corporate governance standards, and value creation across government‑owned enterprises is strengthening accountability while enhancing the contribution of state‑owned assets to economic growth.

He noted that for decades, public assets had often been viewed primarily as administrative holdings rather than strategic economic resources capable of generating significant returns for the country.

However, the ongoing reforms are changing that perception by establishing a framework that places asset optimisation, transparency, and value creation at the centre of public‑sector management.

According to Takang, the transformation of MOFI has not only improved transparency in asset management but also boosted investor confidence by introducing clearer governance structures and a more commercially oriented approach to managing government investments.

He stressed that the reforms are creating pathways through which national assets can deliver sustainable economic benefits to both current and future generations.

Takang said the progress being recorded within MOFI underscores the importance of visionary leadership in driving institutional change and improving economic outcomes.

“Democracy provides the foundation for institutional growth and economic progress. The ongoing reforms within the public sector, particularly the effort to unlock value from government‑owned assets, demonstrate the possibilities that emerge when leadership is guided by a long‑term vision and a commitment to national development,” he said.

The MOFI chief added that the administration’s approach to public asset management is helping to establish a stronger foundation for economic resilience by ensuring that government‑owned enterprises operate under improved governance standards and contribute more effectively to national development objectives.

He maintained that the success of such reforms ultimately depends on the strength of democratic institutions and the ability of public leaders to pursue policies that prioritise long‑term national interests over short‑term considerations.

Takang also paid tribute to Nigerians for their continued faith in democratic governance, describing citizens as critical stakeholders in the country’s development journey.

He said that despite economic and social challenges, Nigerians have remained resilient and committed to the democratic process, a factor he described as essential to sustaining reform efforts and strengthening national institutions.

He expressed optimism that the country will continue to make progress as ongoing reforms mature and institutional capacity deepens across the public sector, urging citizens to embrace the values of unity, accountability, and national service while supporting initiatives aimed at building a more prosperous and globally competitive economy.

According to him, the combination of democratic stability, institutional reforms, and prudent management of public assets offers a pathway toward stronger economic performance and inclusive national development.

Takang reiterated his confidence in the country’s future, saying it is well positioned to reap the benefits of reforms designed to improve governance, enhance investor confidence, and maximise the economic potential of public assets.