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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

$1bln NSIA: Infrastructure, future generation get lion shares

Posted on 05 August 2013

The Nigeria Sovereign Wealth Fund Authority (NSIA) has officially allocated the $1 billion take-off grant into three sectoral areas. The three areas are stabilisation fund, which got $200 million or 20 per cent allocated to it; infrastructure fund, $325million or 32.3 per cent and the future generation fund, $325 million or 32.5 per cent, while the balance of $150 million or 15 per cent will be kept to be used to top up each of the ring funds as opportunity arises.
The Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, disclosed this on Thursday in Abuja while paying an assessment visit to the NSIA headquarters, the custodian of the Sovereign Wealth Fund………………………………………..Full Article: Source


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