The Federal Government received N347.5 billion in dividends from its portfolio companies in 2023, marking a 567 percent growth from the N52.1 billion received from these companies in 2022.
The disclosure is according to the 2023 Annual Asset Report of the Ministry of Finance Incorporated (MOFI).
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
