How Nigeria’s wealth agency invests its capital — MD
The Nigeria Sovereign Investment Authority (NSIA) invested its $1.5 billion seed capital in the development of key infrastructures to create wealth and grow the economy, Uche Orji , the managing director, has said. From the initial $1.2 billion capital provided by the Federal Government at inception in 2012, Orji said the only additional monies the […]
Nigerian sovereign wealth fund grows to $2bn, says CEO
Uche Orji, chief executive officer of the Nigeria Sovereign Investment Authority said Wednesday that the country’s sovereign wealth fund stood at $2 billion this month with the investment agency seeking further growth through agriculture and the addition of asset management. The government’s contribution stands at $1.5 billion, with the rest including funds owned by the institution […]
Sovereign Wealth Fund contributors to reap dividends from 2018
Uche Orji, the Managing Director, Nigeria Sovereign Investment Authority (NSIA), said Monday that contributors to the Sovereign Wealth Fund will be eligible to dividends from 2018. The MD disclosed this in Abuja at the Minister of Information and Culture, Lai Mohammed’s working visit to NSIA. “We are not allowed to pay dividends until after 5 […]