Nigerian Sovereign Investment Authority
|Nigeria||US$ 1 Billion|
Transparency Rating: N/A
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Firm Investment Style: N/A
Entity Structure: Funds
Population Est.: 174.5 million – 2013
Wealth Per Capita Est.: $5.70
The Excess Crude Account (ECA) has been replaced with three sovereign wealth funds. These SWFs 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 Nigerian Sovereign Investment Authority (NSIA) will manage these three funds.
Strategy & Objectives