07.04.2015 - NSIA to invest N7.8bn in infrastructure
The Nigerian Sovereign Investment Authority plans a $40m (N7.88bn) investment to improve the infrastructural facilities in critical sectors such as education, healthcare and environment. This was confirmed to our correspondent by the Managing Director, NSIA, Mr. Uche Orji, on Friday. The NSIA is the agency of government currently managing the $1bn Sovereign Wealth Fund which was set up in 2012 by the Federal Government. It is made up of three funds – the Future Generation Fund, the Nigeria Infrastructure Fund and the Stabilisation Fund. Orji said “We all know healthcare is a very important focus for Nigeria; and some of the Memorandums of Understanding we have signed with hospitals, we will activate a few of them in 2015...............................................Full Article: Source
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