Ministry of Finance Included: Can Takang Ship? by Walter Duru, Ph.D

Ministry of Finance Included: Can Takang Ship? by Walter Duru, Ph.D

Nigeria’s President, Bola Ahmed Tinubu has simply appointed a brand new management for the Ministry of Finance Included (MOFI), an asset holding and administration firm below the Federal Ministry of Finance, with mandate as the only supervisor of all federal authorities funding pursuits.

In accordance with a press release by Presidential Spokesman, Ajuri Ngelale, former Finance Minister, Dr. Shamsudeen Usman is reappointed as Chairman of a 10-man Board of Administrators of MOFI, whereas Dr. Armstrong Ume Takang can be reappointed to function the Managing Director/CEO of the organisation.

The opposite appointees embrace Tajudeen Datti Ahmed, Govt Director, Portfolio Administration; Femi Ogunseinde, Govt Director, Funding Administration and Mrs. Oluwakemi Owonubi, Govt Director, Threat.

The non-executive administrators are Mr. Ike Chioke, Ms. Chantelle Abdul, Mr. Alheri Nyako, Mr. Bolaji Rafiu Elelu and Mrs. Fatima Nana Mede.

To explain the workforce as good is an understatement, as, when one thing is described as candy, additionally it is necessary to state what it tastes like. The crux of this text is the appropriateness of the individual of the Managing Director, Dr. Armstrong Ume Takong, saddled with the accountability of the day-to-day working of the organisation.

Within the ever-evolving panorama of finance and governance, the appointment of a CEO/Managing Director performs a pivotal function in shaping the trajectory of a corporation.

Dr. Armstrong Takang emerges as the best candidate for the management function on the Ministry of Finance Included, bringing with him a wealth of expertise, a confirmed monitor document, and a imaginative and prescient for transformative change.

Dr. Takang’s tutorial background, marked by superior levels in Laptop Science, Finance and Enterprise publicity/expertise, units the stage for his understanding of the intricate dynamics throughout the monetary, enterprise and funding sector(s). He’s effectively outfitted with methods for exploring progressive options to financial challenges.

With a formidable profession spanning over many years, Dr. Takang has honed his management abilities in each private and non-private sectors. His tenure because the Chief Govt Officer of a number one multinational company showcased his means to navigate complicated landscapes, implement strategic monetary planning, and drive sustainable progress. These experiences uniquely place him to carry a recent perspective to the Ministry of Finance Included.

Considered one of Dr. Takang’s standout qualities is his dedication to transparency and accountability. In an period the place monetary governance is below intense scrutiny, his monitor document of implementing strong monetary controls and guaranteeing adherence to worldwide requirements is commendable.

This dedication to transparency not solely fosters belief but in addition aligns with MOFI’s mission to uphold the very best requirements of fiscal accountability.

Moreover, Dr. Takang’s progressive method to problem-solving units him aside as a forward-thinking chief. His previous initiatives, reminiscent of spearheading digital transformation in monetary processes and advocating for sustainable monetary practices, underscore his means to embrace change and leverage expertise for effectivity beneficial properties.

In an period the place agility and adaptableness are essential, Dr. Takang’s progressive mindset positions MOFI for fulfillment within the face of evolving financial landscapes.

As a frontrunner, Dr. Takang locations a premium on expertise improvement and workforce collaboration. His earlier roles have seen him domesticate high-performing groups by fostering a tradition of steady studying and collaboration.

This emphasis on human capital is pivotal for the MOFI, guaranteeing that it might successfully navigate the challenges of an ever-changing international economic system.

Past his skilled acumen, Dr. Takang is understood for his civic engagement and dedication to company social accountability. His involvement in neighborhood improvement initiatives demonstrates a holistic understanding of the impression companies can have on society. His earlier positions, management roles and achievements converse volumes for him.

Previous to being MOFI’s CEO, Takang was the CEO of Development Alliance Companions (GAP), a pan-African agency centered on offering post-investment value-add companies to Non-public Fairness backed companies. He helped to show round a number of companies to create shareholder worth.

His decades-long profession in funding consultancy and public reforms traverses the private and non-private sectors throughout Africa, and within the US, the place he labored on the New York Workplace of the KPMG.

He was Crew Lead for a Non-public Banking Group, managed the Built-in Monetary and Financial Administration Info System (IFEMIS) Mission in Nigeria, and led the Voluntary Asset and Revenue Declaration Scheme (VAIDS).

Many have no idea that Dr Armstrong was pivotal in designing and implementing a number of nationwide initiatives just like the Built-in Payroll and Personnel Info System (IPPIS), the Workplace for Nigerian Content material Improvement in ICT below NITDA, the ICT element of the Financial and Monetary Crimes Fee (EFCC)/Nigeria Monetary Intelligence Unit (NFIU), amongst others.

He’s not new within the political surroundings, significantly, throughout the Ministry of Finance. He was Particular Adviser to the Honourable Minister of Finance, Funds, and Nationwide Planning, in addition to Lead of the MOFI Transformation Crew. It’s a terrain that he’s very conversant with, and it will ease stakeholder engagement, significantly, when there’s a correct stakeholder administration technique in place.

Dr. Armstrong Takang’s appointment because the CEO of MOFI is a strategic transfer towards ushering in a brand new period of monetary management, inclusivity, and self-discipline in managing public investments.

His mix of educational excellence, in depth expertise, dedication to transparency, progressive considering, and emphasis on expertise improvement makes him the proper match for steering MOFI in the direction of larger heights.

There is no such thing as a gainsaying the truth that the management of MOFI, as introduced, is an ideal mixture. The transformations that MOFI has skilled within the final eleven months, below the management of Dr. Shamsudeen Usman as Chairman, and Dr. Armstrong Takong as Chief Govt Officer is clear and should not be paused.

Because the monetary panorama continues to evolve, Nigerians anticipate that Dr. Takang’s management should not solely meet the challenges of the current, however proactively form the way forward for monetary governance.

It’s protected to conclude that Mr. President’s determination to reappoint the duo of Shamsudeen Usman and Armstrong Takong is an act of patriotism.

Allow me to additionally single out Mr. Ike Chioke, the Group Managing Director at Afrinvest West Africa Restricted, who additionally made the listing, as a non-executive director.

With the calibre of individuals on the current MOFI management workforce, failure isn’t an possibility.

MOFI is predicted to help the Federal Authorities’s efforts in the direction of addressing financial challenges, whereas spurring the renewal of the economic system. There is no such thing as a higher time to be related.

Expectations are very excessive, and Nigerians are in a rush to see outcomes. Let the Federal Authorities’s investments work for the nation.

The time to behave is now!

Dr. Chike Walter Duru (Assistant Professor of Communication) is a communication skilled, researcher, public relations, and stakeholder engagement guide. He may very well be reached on: walterchike@gmail.com.