From the initial $1.2 billion capital provided by the Federal Government at inception in 2012, Mr Orji said the only additional monies the agency received were from the present administration in 2015 and 2016.
The Fund, Mr Orji said, is always available for the government to draw from to meet the need to stabilise the economy. He said the government has never drawn from the Fund before. He said the Board of the company has already approved a five-year development plan, beginning this year, to strengthen its internal processes for sustainable growth and investment.
Apart from the $650million Presidential Infrastructure Development Fund for the construction of the Lagos-Ibadan road, the Second Niger Bridge and the Abuja-Kano road projects, Mr Orji said the NSIA also built three healthcare facilities. The Fund is a joint venture by the NSIA and UFF Agri Investment, an Old Mutual Specialist Fund that supports agricultural development.
Mr Orji said the NSIA is currently running the Presidential Fertiliser Initiative , under which 22 fertilizer blending plants were rehabilitated.