| The Nigerian SWF, managed by the Nigerian Soveriegn Investment Authority (NSIA) still has about $1.5 billion assets under its management since inception in 2011. According to various media reports, the Federal Government is proposing to raise Nigeria’s Sovereign Wealth Fund (SWF) to $4.5 billion by 2018, canceling out earlier fears that the fund may not receive additional capital due to falling oil prices.
But the new proposal, which is coming some weeks after fund managers raised concerns about weak oil prices dampening hopes of additional contributions to the Fund, is really aimed at injecting at least $1 billion each year for the next three years into the Fund...............................................Full Article: Source
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