22.05.2013 - Nigeria: Investment in sovereign wealth fund starts June with $200mln
Barely seven months after the inauguration of the board of the Nigerian Sovereign Investment Authority (NSIA), the organisation has said it would commence investment of the $1 billion Sovereign Wealth Fund with initial $200 million from next month. The managing director the NSIA, Dr Uche Orji, stated yesterday in Abuja that the NSIA is now fully operational and that the board has already met three times to approve the Investment Policy Statement as well as make allocation to the three different funds, namely the Stabilisation Fund, the Future Generation Fund and the Nigerian Infrastructure Fund........................................Full Article: Source
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