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MOFI, Aviation Ministry to partner on airport dev’t, airlines expansion

As part of efforts to ensure an all-around development and modernization of the country’s aviation sector, the Ministry of Finance Incorporated, MOFI, on Tuesday, met…

As part of efforts to ensure an all-around development and modernization of the country’s aviation sector, the Ministry of Finance Incorporated, MOFI, on Tuesday, met with the Honourable Minister of Aviation, Hadi Sirika, to discuss areas of collaboration and partnerships between the two organisations.

The Chief Executive Officer, MOFI, Dr Armstrong Takang, who led a delegation to pay a courtesy visit to the Aviation Minister, also made a case for additional investments for the crucial overhaul of the country’s Aviation sector.

Dr Takang further called on Sirika to assist in actualising President Mohammadu Buhari’s agenda of assets, investments management and optimal risk-adjusted returns, following the recent approval to create a National Asset Register, NAR, by President Buhari.

While stating that the Ministry of Aviation represents one of the biggest supervisors of Nigeria’s assets through its sister agencies, Dr Takang reiterated the need for sustainable partnerships to support sundry economic activities in the airports.

President Mohammed Buhari mandated the MOFI team to create a comprehensive National Asset Register (NAR) by aggregating, profiling and managing all national assets and investments.

He said: “In line with the approval of Mr. President to create a comprehensive National Asset Register (NAR) by aggregating, profiling, and managing all national assets and investments, the NAR will be harnessed to strengthen our fiscal and economic realities and the optimization of our investments and assets.

“As a result, it is key that all assets of the Ministry of Aviation are captured and added to the NAR and we would appreciate your assistance in actualizing our mandate, as this is crucial in line with the vision of Mr. President of properly managing Federal Government assets and investments and ensuring that FGN derives optimal risk-adjusted returns from its investments and assets.

“We also believe that the development and modernization of the country’s airports are crucial for socio-economic development. While the Ministry has made positive improvements, we believe that more capital investment is required to attract more passengers, cargo movement, and facilitate trade.”

Responding, Sirika commended the new board of MOFI and gave assurances that MOFI would be included in the national aviation roadmap in no distant time.

According to him, “we have the concession of the airport, we have the airlines, we have the cargo, we have the MRO, we have the leading company and those are the legs of the roadmap which after the press, we will go through them and ensure that MOFI is integral to these plans.”

He concluded by saying that the Ministry remains committed to ensuring that president Buhari’s mandates are adequately delivered.

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