Nigeria’s Sovereign Wealth Authority to Deploy Assets

lagos_dtAfter some delay, the Nigerian Sovereign Investment Authority (NSIA) has begun to allocate the US$ 1 billion in seed capital to each of the sovereign funds. The Future Generation Fund and Nigeria Infrastructure Fund would each receive US$ 325 million or 32.5% of the total amount. The Stabilization Fund would receive US$ 200 million, with the remaining balance of US$ 150 million allocated to future investments.

The investment portfolio of the Stabilization Fund and Future Generation Fund would embark in early June 2013. The Stabilization Fund’s assets would be managed internally, while the Future Generation Fund would be open to external managers.

With regard to the Nigeria Infrastructure Fund which is to be managed in-house, different sectors are being discussed such as transportation, healthcare, power, water resources and housing. Infrastructure investments would be undertaken on a commercially viable basis.



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