By Joyce Remi-Babayeju
Chief Executive Officer of the Ministry of Finance, Incorporated (MOFI), Dr. Armstrong Ume Takang, has won the Housing Finance Personality of the Year 2025 award at the Africa Housing Awards.
Takang, who heads MOFI, has overseen the transformation of the agency into a leading government-owned private equity and venture capital institution managing assets in excess of $40 billion.
His leadership at MOFI has positioned the agency as a key player in Nigeria’s public asset management and investment framework.
A former Special Adviser to the Minister of Finance, Takang in his pedigree has played a pivotal role in driving major national reforms, including Project Lighthouse, the Government Integrated Financial Management Information System (GIFMIS), the Integrated Financial Management Information System (IFMIS), the Integrated Payroll and Personnel Information System (IPIS), and the Verification of Assets and Declaration System (VADES). He was also involved in several ICT-driven public finance initiatives that strengthened Nigeria’s revenue management and governance systems.
His professional career spans Africa, Europe and the United States, with experience at KPMG New York and Chase Manhattan Bank.
He currently serves on several strategic national boards, including CreditCorp, the Nigeria Mortgage Refinance Company (NMRC), the Presidential CNG Initiative, and multiple power distribution companies.
Takang is an alumnus of the University of Hull, Imperial College Business School and Harvard Business School, and holds BSc and PhD degrees in Computer Science. Most recently, he led a landmark ₦1 trillion blended finance transaction aimed at expanding access to affordable mortgages for Nigerians.
In addition to the Housing Finance Personality of the Year 2025 honour, Takang has received other recognitions, including African Finance Industry Personality of the Year 2025, African CEO of the Year 2025, and inclusion among the 100 Most Reputable Africans in 2024.
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