The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed plans to leverage the nation’s assets to generate approximately $13 billion in annual revenue.

The plan involves enumerating all national assets, introducing governance, monetizing, and optimizing these assets. To achieve this, a National Assets Register will be created by the Ministry of Finance Incorporated (MoFI). The aim is to generate revenue equivalent to 3.0% of the nation’s Gross Domestic Product (GDP) or $13.3 billion.

This initiative is part of broader measures designed to boost the federal government’s revenue and achieve a Revenue-to-GDP ratio of 25% by 2026, up from the present 8.0%.

The plan also aims to increase the value of National Assets Under Management (AuM) of MoFI to N100 trillion from the current value of N18 trillion.