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Ministry of Finance Incorporated (MOFI)

Based in
Nigeria

Ministry of Finance Incorporated (MOFI) is the Nigerian federal government’s investment arm. Under the Creative Economy Development Fund, the government’s own rollout document names MOFI as the fund’s “anchor shareholder and sponsor”, while stating that day-to-day management of the fund “will remain independent and professionally managed, shielded from political interference and guided by a private-sector ethos”. MOFI is one of the three bodies the Society of Nigerian Artists publicly asked, in September 2026, to publish an implementation report covering the fund’s actual capitalisation, committed and disbursed amounts, and a beneficiary list.

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Who owns what, who got paid, and who is about to. The business behind African music, told like it is actually interesting (because it is).

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