President Bola Ahmed Tinubu has made a significant appointment, bringing Chantelle Abdul, the Group Managing Director of Mojec, onto the board of the Ministry of Finance Incorporated (MOFI) as a non-executive director. MOFI serves as the Federal Government’s investment vehicle, managing a diverse portfolio of over 130 asset classifications, including government-owned entities (GOEs) and government-linked companies (GLCs).
Chantelle Abdul, recognized as a visionary leader, has played a pivotal role in transforming Mojec into a metering empire, emerging as the largest manufacturer of electricity meters in sub-Saharan Africa. Her track record extends across hyper-growth startups and companies on a global scale, showcasing expertise in sectors such as power and energy, agriculture, mining, real estate, and hospitality.
In response to her appointment, Abdul expressed her dedication to providing strategic expertise aimed at propelling the Nigerian economy to new heights. She emphasized Nigeria’s positioning for global trade in the next two decades and acknowledged the significant work ahead for the nation. As a director on the MOFI board, Abdul sees the opportunity to contribute her expertise to address economic challenges and stimulate a renewal of the economy.
The strategic appointment is poised to enhance performance and maximize returns on investments managed by MOFI. Abdul’s wealth of experience and strategic insight position her as a valuable addition to the board, aligning with a commitment to optimal stewardship of the diverse portfolio under the ministry’s purview.