The Federal Government of Nigeria has escalated oversight of Government-Owned Enterprises (GOEs) through the introduction of a performance scorecard by the Ministry of Finance Incorporated (MOFI). The tool is designed to monitor operational efficiency, governance compliance, and financial contributions, directly informing decisions on consolidation, expansion, restructuring, or exit of government investments.<\/p>\n
The scorecard is part of a broader fiscal strategy aimed at raising revenues, reducing leakages, and narrowing the national budget deficit. Digitised revenue collection systems and performance-linked incentives complement the initiative.<\/p>\n
DECISION HIGHLIGHT<\/strong><\/p>\n Decision Context:<\/strong> Strategic Action:<\/strong> Policy Driver:<\/strong> Strategic Objective:<\/strong> <\/p>\n DECISION MEMO<\/strong><\/p>\n Nigeria\u2019s challenge with GOEs has historically been less about quantity than performance. Many enterprises hold valuable assets but contribute minimally to public revenue due to poor governance, opaque reporting, and weak enforcement.<\/p>\n The Tinubu administration\u2019s approach marks a shift from passive ownership to active stewardship. By introducing a scorecard measuring efficiency, governance standards, and financial outcomes, MOFI reframes GOEs as portfolio assets rather than administrative appendages of government.<\/p>\n Behavioral incentives reinforce this shift. The MOFI Excellence Awards, launching in 2026, reward transparency, compliance, and strong performance, making underperformance visible and harder to ignore.<\/p>\n Technology underpins the reforms. Planned digitisation includes standardised electronic collections, interoperable payment systems, automated reconciliation, data-driven risk profiling, and real-time dashboards. These measures aim to close historical gaps between revenue collection and remittance, reducing leakages and improving fiscal accountability.<\/p>\n Presidential enforcement ensures that underperformance carries political consequences, positioning GOE efficiency as a macroeconomic, not merely administrative, concern. If sustained, these reforms could transform GOEs from fiscal liabilities into reliable contributors to national revenue, while clarifying which entities merit additional capital, restructuring, or divestment.<\/p>\n DATA BOX<\/strong><\/p>\n WHO WINS \/ WHO LOSES<\/strong><\/p>\n Who Wins:<\/strong><\/p>\n Who Loses:<\/strong><\/p>\n POLICY SIGNALS<\/strong><\/p>\n The government is transitioning to an ownership model emphasizing returns, transparency, and accountability, rather than administrative control of state assets.<\/p>\n INVESTOR SIGNAL<\/strong><\/p>\n Enhanced governance and clear performance metrics strengthen Nigeria\u2019s sovereign credit profile and support confidence in public-sector-linked investments.<\/p>\n RISK RADAR<\/strong><\/p>\n The tighter oversight of GOEs reflects a broader fiscal recalibration. State ownership is increasingly framed not as entitlement but as a mandated obligation to perform.<\/p>\n","protected":false},"excerpt":{"rendered":" The Federal Government of Nigeria has escalated oversight of Government-Owned Enterprises (GOEs) through the introduction of a performance scorecard by the Ministry of Finance Incorporated (MOFI).…<\/p>\n","protected":false},"author":2,"featured_media":1665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[34,36],"tags":[1016,1015,1017,1014,1018],"class_list":["post-1661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature","category-policy","tag-fiscalaccountability","tag-governmentoversight","tag-mofiscorecard","tag-nigeriagoes","tag-publicsectorreform"],"yoast_head":"\n
\nPersistent fiscal deficits, weak remittances from GOEs, and growing pressure to increase government revenue.<\/p>\n
\nDeployment of a GOE performance scorecard, integrated with digitised revenue systems and performance-based incentives.<\/p>\n
\nPresidential directive to enforce accountability and eliminate inefficiencies across revenue-generating agencies.<\/p>\n
\nBoost GOE remittances, improve asset performance, and reduce fiscal deficits through disciplined management and active ownership.<\/p>\n\n
\n\u2013 Standardised electronic collections
\n\u2013 Interoperable payment systems
\n\u2013 Automated reconciliation
\n\u2013 Data-driven risk profiling
\n\u2013 Real-time performance dashboards<\/li>\n\n
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