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Sovereign Wealth Funds Briefing - Categorized | Investment

Nigeria: ‘sovereign wealth fund to invest $850mln’

Posted on 22 May 2013

The investment arm of the Sovereign Wealth Fund (SWF) – the Nigeria Sovereign Investment Authority (NSIA) – has approved an investment allocation of $850 million for the three investment windows of the SWF.
Managing Director/CEO of NSIA, Mr. Uche Orji, said the Future Generations Fund and the Nigeria Infrastructure Fund will each get $325 million or 32.5 per cent while the Stabilisation Fund will receive $200 million or 20 per cent. He spoke yesterday on the commencement of the operations of the NSIA. The remaining 15 per cent of $150 million, he said “will be kept as unallocated for now, and used to top up each of the ring-fenced funds, as opportunities arise.”…………………………………Full Article: Source


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