UBA Group Supports MOFI’s Economic Transformation Agenda

The United Bank for Africa (UBA) Group has recently expressed its support for the Ministry of Finance Incorporated (MOFI) in its efforts to transform the Nigerian economy.

Tony Elumelu, Chairman of the Heirs Holdings Group, Transcorp Group, and UBA Group, commended the ministry for its initiative to bring key players and stakeholders together to chart a course for the country’s economic growth.

During the Public Wealth Management Conference in Abuja, Elumelu emphasized the importance of collaboration between the public and private sectors to unlock the full potential of state-owned assets.

He highlighted the role of UBA Group in supporting MOFI’s agenda and shared his insights on how the group transformed a defunct Crystal Bank into the now-thriving Standard Trust Bank, which eventually became part of the UBA Group.

Elumelu also mentioned the acquisition of Transcorp Plc by the Heirs Holdings Group, which was intended to lead the industrialization of Nigeria.

He pointed out that the only asset Transcorp Group had at the time was the Transcorp Hilton Hotel, which has now become a symbol of the group’s success.

The UBA Group’s support for MOFI’s economic transformation agenda is a significant step towards achieving sustainable growth in Nigeria.

With the combined efforts of the public and private sectors, the country is poised to address its economic challenges and unlock new opportunities for its citizens.