A proposed bill to overhaul and strengthen the Ministry of Finance Incorporated (MOFI) is facing opposition from key government agencies, threatening to disrupt reforms that could lift the nation’s investment climate.
The draft legislation, currently awaiting the third reading at the House of Representatives, seeks to reposition and empower MOFI as the sole custodian, manager, and investment vehicle for all assets owned by the Nigerian government.
Entitled ‘A bill for an act to repeal the Ministry of Finance Incorporated Act, Cap M229 law
