Lack of national assets valuation denying Nigeria investments – MOFI

The Chief Executive Officer of Finance Incorporated (MOFI), Dr. Armstrong Takang says that the inability of Nigeria to undertake a critical evaluation of its assets to ascertain its value is hampering valuable investments into the country.

Takang stated this on Monday in Abuja at the 2024 National MPCD seminar organised by the Nigerian Institution of Estate Surveyors and Valuers (NIESV) with the theme “Maintaining a Strategic Asset Management Plan (SAMP) for Nigeria: Challenges and Opportunities,”

According to the MOFI boss, “Nigeria must be more strategic now than ever about what we own in terms of our assets, in terms of our investments across the different asset classes. Whether it’s corporate assets, in terms of companies and shares we own, or whether it’s land and property or even financial assets, those different asset classes are a backbone of our economic architecture. We have to be deliberate in these evaluations to know the value because our inability has denied investments into the country, “ he said.

He added that “The conversation about each of these assets valuation cannot be complete without the involvement of NIESV as the success is based on the constant improvement of their evaluation skills, knowledge and commitment as well as the tools that you use for that purpose, which must be in line with international standard,”

Also speaking, the President of the NIESV, ESV. Victor Alonge said the seminar was organised “To brainstorm on strategic thinking in asset management, policy, plans development as well as challenges and solutions, especially for state-owned enterprises,”