11.09.2015 - Orji: No Funding for NSIA as Oil Sells Below Benchmark
The Managing Director and Chief Executive of the Nigeria Sovereign Investment Authority (NSIA), Uche Orji, has said the Sovereign Wealth Fund (SWF) is not expecting to get any fund from the government because the price of crude oil at the international market is currently below the benchmark. Orji, who spoke with State House Correspondents after a meeting with President Muhammadu Buhari yesterday, said his agency had been able to invest the $1 billion seed and made a profit of N15.7 billion profit. The NSIA boss who described his meeting with the president as successful said: “The government gave us $1billion which is the only contribution we have received and we made N15.7billion profit last year from the contribution...............................................Full Article: Source
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