The Ministry of Finance Incorporated is set to launch the inaugural MOFI Excellence Awards in the second quarter of 2026.

The awards aim to promote a culture of good corporate governance among Government-owned Enterprises.

The awards panel, part of the country’s first initiative dedicated to recognising excellence in corporate governance and performance across Federal Government-owned and affiliated enterprises, was established last December.

MOFI stated on Sunday that the awards ceremony will take place in the second quarter of 2026, although a specific date is yet to be announced.

According to the statement, “this milestone event underscores MOFI’s commitment to promoting transparency, accountability, and good governance across Federal Government-owned enterprises.

“The MOFI Corporate Governance Scorecard, launched in April 2025, provides the foundation for evaluating Board and Management teams against global standards of transparency and risk management.

“An independent technical panel, inaugurated by Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in December 2025, will assess portfolio companies against stringent criteria, including regulatory compliance, Board effectiveness, and sectoral impact.”

The statement added that the awards will honour institutions demonstrating exceptional governance, discipline, and performance, reinforcing the principle that “Good Governance is Not Optional.”

Commenting, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun said, “The MOFI Excellence Awards are not about applause for its own sake; they were conceived to promote corporate governance excellence, high institutional performance, and strategic alignment across MOFI’s portfolio of public enterprises.”

He highlighted the programme’s aim to drive fundamental reforms in the public sector, stating, “In essence, this programme will shine a spotlight on those boards and management teams that exemplify transparency, accountability, and strong performance.”

The minister added that the awards are designed to recognise agencies and leaders who uphold high standards in managing public assets.

By doing so, the federal government sends a clear message that good governance and tangible results will be rewarded, and that every entity under MOFI should strive for the highest ideals of service and stewardship.

The Managing Director of MOFI, Dr. Armstrong Takang, described the awards as a “first-of-its-kind initiative in Nigeria dedicated to recognising excellence in corporate governance and performance across Federal Government-owned and linked enterprises.”

He emphasized MOFI’s ambitious reform agenda over the past year to transform the management of Nigeria’s public assets, noting that initiatives such as the launch of the MOFI Corporate Governance Scorecard and now the awards programme demonstrate how MOFI is “translating reform ideas into tangible outcomes.”