NEC Approves Additional $250m Investment For NSIA

Having received a presentation of the Nigeria Sovereign Investment Authority business update, and outlook, the National Economic Council on Thursday resolved to invest an additional $250 million into the NSIA, the country’s sovereign wealth fund.

In his presentation to NEC, the NSIA Managing Director, Mr. Uche Orji said the agency made a profit before tax of N42,036,469 while NSIA and its subsidiaries made a profit before tax of N46,185,074. “That the NSIA intends to create a number of co-investment funds, in the area of Healthcare, Agriculture and Gas Projects.

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NEC approves additional $250m for Nigeria Sovereign InvestmentThe National Economic Council (NEC) on Thursday approved additional investment of $250 million into the Nigeria Sovereign Investment Authority (NSIA)...
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NEC approves additional $250m investment in NSIA – Daily TrustThe National Economic Council (NEC) presided over by Vice President Yemi Osinbajo has approved the investment of an additional $250million into the Nigerian Sovereign Investment Authority (NSIA). The NSIA Managing Director/Chief Executive Officer, Mr Uche Orji, who briefed State House correspondents after the meeting, said the NEC had also approved the constitution of a committee …
Source: Daily Trust - 🏆 13. / 51 Read more »