The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has spotlighted corporate governance as a key lever in President Bola Tinubu’s push to build a $1 trillion economy.
To this end, he called on state-owned enterprises (SOEs) to meet global standards of transparency, ethics, and performance.
Speaking at the MOFI Corporate Governance Forum in Abuja on Monday, the minister described the newly introduced MOFI Scorecard as a vital benchmark for institutional health—designed to position SOEs for investment, growth, and long-term value creation.
Edwin noted that the scorecard was not just a document, but a test.
He added that Strong governance attracts capital, builds trust, and delivers real economic returns.
The two-day forum, themed; “Ensuring Value Creation in State-Owned Enterprises Through Better Corporate Governance”, brought together CEOs, regulators, and development partners to examine how better oversight can unlock Nigeria’s public asset potential.
Referencing entities like NNPC Ltd, Edun noted that SOEs must be investor-ready as the government shifts from debt-heavy budgets to equity-based growth.
MOFI Chairman, Dr. Shamsudeen Usman confirmed that the scorecard would be enforced through independent assessments, including MOFI itself.
“We are not asking others to do what we haven’t already done,” he said.
