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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

General Electric to contribute 15pct equity in NSIA projects

Posted on 25 June 2013

Nigeria Sovereign Investment Authority (NSIA) – managers of the Sovereign Wealth Fund (SWF) – has disclosed that infrastructure and technology multinational, General Electric (GE) will contribute 15 percent in equity in its investment projects.
The CEO of NSIA, Mr Uche Orji disclosed this following a Memorandum of Understanding (MoU) signed by both parties at the WheatBaker Hotel, Ikoyi, Lagos. The Nigeria Sovereign Investment Authority was set up by the country’s National Assembly approved “NSIA Act” in 2011 to promote fiscal stability, build a savings base for future generations and enhance the development of Nigeria’s infrastructure………………………………………..Full Article: Source


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