The National Economic Council, NEC, has approved an additional investment of $250 million into the Nigeria Sovereign Investment Authority .
He said the Governor of Kaduna State Nasir El-Rufai will chair a committee of NEC to consider how a portion of the Pension Fund can be leveraged in an investment in the NSIA, with possible implementation with PenCom. “In a review of the activities of the NSIA, the NSIA is focused on its infrastructure fund on agriculture, road, power, healthcare projects and industrialization. Within the road sector, the NSIA as the manager of the Presidential Infrastructure Development Fund is focused on deploying capital to ensure the completion of the second Niger Bridge, Abuja-Kano Highway and Lagos-Ibadan Expressway. Other projects under the PIDF include the Mambila Hydro Power project and East-West Road.
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