Nigeria Sovereign Investment Authority

Nigeria US$ 1 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

SWFI ID: 570001
Established: 2012
Transparency Rating: 9
View SWFI Direct Transaction Data
Entity Structure: Investment Authority (Overseeing Funds)
Population Est.: 174.5 million – 2013
Wealth Per Capita Est.: US$ 7.74

Fund Details

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Strategies and Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Alternative Managers

Consultants and SPs

Key Executives and People


Main Office

The Clan Place, 4th floor,
Plot 1386A, Tigris Crescent Maitama
Abuja,
Nigeria
Tel: +234 (0)9 461 0400


Governance

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Nigeria Sovereign Investment Authority

Summary

The Excess Crude Account (ECA) has been replaced with three sovereign wealth funds. These sovereign funds will manage Nigeria’s excess earnings from crude oil. The current administration stated the current Excess Crude Account has no real legal backing since it was formed under a political arrangement from the previous administration.

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.

  • Future Generations Fund
  • Nigerian Infrastructure Fund
  • Stabilization Fund

Background on Nigeria Sovereign Investment Authority

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Historical Assets Under Management

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