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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

NEC approves $150m NNLG fund for sharing by three tiers of government

Posted on 23 November 2015

The National Economic Council rose from its monthly meeting on Thursday approving the sharing of $150 million among the three tiers of government. The money is part of the $400 million dividends paid by the Nigerian Liquefied Natural Gas. Vice President Yemi Osinbajo (SAN) chaired the meeting at the State House Council Chambers.
Briefing State House correspondents after the meeting, Governor Rauf Aregbesola of Osun State, flanked by his Enugu State counterpart, Ifeanyi Ugwuanyi, said the Council has also directed that the balance of $250 million from the NNLG dividend be invested in the Nigeria Sovereign Investment Authority………………………………………..Full Article: Source


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