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Sovereign Wealth Funds Briefing - Categorized | Market

Sovereign wealth fund partners Julius Berger on 2nd Niger bridge

Posted on 27 February 2014

The Nigeria Sovereign Investment Authority (NSIA) said it has signed an agreement with Julius Berger (JB) Nigeria Plc, under its Motorways investment, for the construction of the Second Niger Bridge. The project, which is projected to cost N117 billion, would be constructed with an additional 39-kilometre dual carriageway along the Onitsha-Enugu axis.
The Managing Director/Chief Executive of the NSIA, Mr Uche Orji, who disclosed this while briefing journalists in Abuja on the progress made so far with the fund, said it has invested the sum of $10 million out of the Sovereign Wealth Fund into the Nigerian Mortgage Refinancing Company (NMRC) which was launched by President Goodluck Jonathan last month………………………………………..Full Article: Source


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