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Sovereign Wealth Funds Briefing - Categorized | Investment

Nigeria: SWF mulls N16bln investment in power assets

Posted on 03 March 2014

The Nigeria Sovereign Investment Authority (NSIA), has said it is considering investing up to $100 million (N16billion) in generation or distribution companies just as it has committed $200 million (N32 billion)to gas-to-power infrastructure to boost supply of electricity across the country.
The agency noted that the $100 million being proposed for the power assets is part of the $400 million Nigeria Infrastructure Fund, which represents 40 per cent of the $1 billion under its management. The NSIA Managing Director, Mr. Uche Orj explained that the agency would buy existing power assets with a view to enhancing the infrastructure………………………………………..Full Article: Source


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