recorded a profit of about N36.15 billion from its investments in the 2019 financial year but fears worse returns this year due to the impact of the COVID-19 pandemic on its markets.
Mr Orji, who briefed journalists on the activities of the agency in 2019, said the manager of Nigeria’s sovereign wealth fund also grew its asset base to over N649.84 billion, about five per cent higher than about N617.70 billion recorded in 2018. During the year, he said the NSIA closed key transactions and increased capital deployments on domestic infrastructure projects, specifically in motorways, agriculture, healthcare, and power.
He, however, lamented that the COVID-19 pandemic affected the timely delivery of the fertilisers, particularly as a result of the unscheduled shutdown of the Indorama plant following the outbreak of the coronavirus in the area. He reported significant progress on the projects in terms of construction works ahead of their completion deadline in 2022 despite the impact of COVID-19.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheNationNews - 🏆 6. / 69 Read more »