The State Interests and Governance Authority (SIGA) was established to oversee and administer the interests of the government in specified entities, including state-owned enterprises, joint venture companies, and other public sector entities. The authority plays a key role in ensuring transparency, accountability, and efficiency in the management of state-owned assets.

The following are four key functions of SIGA:

1. Monitoring and Evaluation – SIGA is responsible for monitoring and evaluating the performance of state-owned enterprises and joint venture companies to ensure they operate efficiently and contribute to national development.

2. Corporate Governance Oversight – SIGA develops and enforces corporate governance guidelines to promote transparency, efficiency, and accountability in the operations of public entities.

3. State-Owned Enterprises Performance Contracts – SIGA ensures that performance contracts are signed between the government and state-owned enterprises, outlining specific targets and expectations. It also tracks compliance with these agreements.

4. Advisory Role to Government – SIGA provides advice to the government on the performance of state-owned enterprises and makes recommendations on policies and strategies to enhance their effectiveness.