Tony Elumelu, Chairman of Heirs Holdings Group, expressed his readiness to collaborate with the Ministry of Finance Incorporated (MOFI) to address Nigeria’s economic challenges. Speaking at the MOFI Public Wealth Management Conference in Abuja, Elumelu emphasized the importance of a long-term approach to unlocking value from state-owned assets.
He highlighted the need for strategic intent, setting milestones, and disciplined execution to realize the full potential of these assets. Elumelu called for unity between corporate organizations and the government to drive socio-economic development in Nigeria.
Elumelu showcased Heirs Holdings Group’s success in turning around businesses and unlocking asset value. He cited Transcorp’s achievements in the hospitality, power, and oil and gas sectors, demonstrating the group’s ability to create value from assets.
Drawing on the example of Temasek, a Singaporean investment company, Elumelu illustrated the benefits of a long-term investment strategy. He emphasized the importance of active management and strategic investments aligned with economic development goals.
Elumelu advocated for MOFI to adopt a similar approach to asset management, focusing on creating long-term value rather than short-term profits. He pledged support from Heirs Holdings Group to ensure the success of MOFI’s initiatives.
In summary, Elumelu’s remarks underscored the importance of collaboration, strategic planning, and patient investment in unlocking the potential of Nigeria’s assets for long-term economic growth and prosperity.
