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Ndubuisi Francis in Abuja
The total assets under the Nigeria Sovereign Investment Authority (NSIA) now stand at $4 trillion, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has stated.
Ahmed made the disclosure in her opening remarks during plenary on Sovereign Wealth Funds (SWFs) at the ongoing Africa Investment Forum (AIF – 2022), in Abidjan, Côte d’Ivoire.
A statement issued by the minister’s Special Adviser, Media & Communications, Yunusa Tanko Abdullahi, quoted Ahmed as saying that the NSIA had proven to be the partner of choice for the federal government in the execution and successful delivery of major infrastructure projects and transformational initiatives with national impact.
She said Nigeria’s SWF, managed by the NSIA, commenced operations in 2012 with $1 billion seed capital.
Ahmed stated: “But since its inception, the fund did not receive…
Source: Thisday Newspaper