The Chief Executive Officer of the Ministry of Finance Incorporated, MOFI, Dr Armstrong Katang, says inadequate management of Nigerian government assets contributes to the country’s revenue challenges.
Katange disclosed this at Monday’s Fourth Quarter Public-Private Partnership Units Consultative Forum (3PUCF) Meeting in Abuja.
Katang, represented by Kemi Owonubi, Executive Director, MOFI, said the mandate of MOFI is to identify, enumerate, and establish Federal Government’s assets and optimise the value of those assets.
He emphasised the need for public-private partnerships as a requisite to Nigeria’s development.
“Optimising the value of government assets is one area we have not done so well as a country; if we had done this well, we might not have some of our revenue issues.
“However, it is a journey that will take some time, but with commitment from all stakeholders, we will achieve this,” he said.
DAILY POST reports that Nigeria’s 2023 budget has a budget deficit of N11.34 trillion, and the country is grappling with an external domestic debt standing at N87.38 trillion as of the second quarter of this year.
