Nigeria Sovereign Investment Authority
|Nigeria||US$ 1.35 Billion||Origin: Oil|
Transparency Rating: 9
View Sovereign Fund Transaction Data
Firm Investment Style: N/A
Entity Structure: Funds
Population Est.: 174.5 million – 2013
Wealth Per Capita Est.: $7.74
>> SWF Asset Allocation
The NSIA will receive monthly funding of a significant portion of oil and gas revenue above the budgeted revenue and approved by parliament.
The Nigeria Sovereign Investment Authority (NSIA) will manage these three funds.
Background on Nigeria Sovereign Investment Authority
On May 11, 2011 the Nigerian Senate approved the Nigeria Sovereign Investment Authority Bill, 2010, which seeks to establish a sovereign wealth fund to manage excess profits from the country’s sale of crude oil. It was then passed in the lower house and signed by the President of Nigeria.