| The Nigerian Sovereign Investment Authority on Monday said it would not pay dividend on the Sovereign Wealth Fund until the end of the 2017 financial year. The Managing Director and Chief Executive Officer, NSIA, Mr. Uche Orji, disclosed this while addressing journalists in Abuja on Monday about the financial performance of the agency in the 2014 financial period.
He said the law setting up the Sovereign Wealth Fund did not allow the agency to pay dividend until the fund had posted profit for five consecutive years. The SWF, which was set up in 2012, is jointly owned by the federal, state and local governments. The three tiers of government are the shareholders that are expected to receive dividends from the fund...............................................Full Article: Source
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