The Ministry of Finance Incorporated (MOFI) will introduce the inaugural MOFI Excellence Awards in the second quarter of 2026, aimed at promoting transparency and accountability in Federal Government-owned enterprises.
According to its Managing Director and Chief Executive Officer, the awards build on the Corporate Governance Scorecard launched in April 2025, which evaluates Boards and Management teams against global standards of compliance and risk management.
An independent technical panel, inaugurated by Finance Minister, Wale Edun in December 2025, will oversee the assessment of portfolio companies.
“The MOFI Excellence Awards mark a structural shift in how Nigeria manages public enterprise: transparency is mandated, compliance is measured, and institutional outcomes remain the ultimate measure of fiscal discipline,” the Ministry stated.
The initiative aligns with President Bola Tinubu’s economic reform agenda and will recognise institutions that demonstrate exceptional governance and performance, reinforcing the principle that “Good Governance is Not Optional.”