Business Trends & Strategies

NSIA Releases 2015 Financial Results

NSIA-Nigeria-Sovereign-Investment-Authority

Total income for the Nigeria Sovereign  Authority () increased to 26.3 billion Naira in 2015, representing a growth of 67%.

income is said to have also risen to 47%.

Addressing reporters in Abuja, the Managing Director of the , Mr Uche Orji says 250-million-dollar additional capital was approved to the authority.

According to him, 40% of the fund will be channelled to its infrastructure fund, another 40% into its future generations fund and 20% of the funds used as it’s stabilisation fund.

 

 

 

 

Source: Channelstv

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