Apart from $1 billion by the Obasanjo administration, the Managing Director of the Authority, Uche Orji, said additional $500 million by the present administration in 2015 increased the core equity capital to about $1.5 billion.
He said total comprehensive income, including $18.05 million as foreign exchange gains, stood at about N44.34 billion, from N27.93 billion in the previous year. From about 81 per cent of the Future Generations Fund deployed, he said about 8.3 per cent profit was realised during the year. The Nigeria Infrastructure Fund yielded over 7.7 per cent from the deployment of only 17 per cent of the fund.
On the Presidential Fertiliser Initiative, Mr Orji said during the year, an addition 5.5 million bags of NPK 20:10:10 fertiliser was produced and sold in Nigeria with total production at about 12 million bags of fertiliser produced to date. Under agriculture, he said the joint venture between NSIA and UFF, Novum, a fully integrated farm located on 3,500 hectares of land in Panda, Nasarawa State has since reached financial close on the project.
Nigerians won't tweet this we are always good at critics
after criticism.... i know our economy will surely improve if the FG do the needful on ease to do business... cut multiple taxation, reduce interest rates, improved security, improved power generation and distribution, reduce import charge, study Ghana, etc..
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