|Nigeria||See table||Origin: Oil|
|SWFI ID: 570001
Transparency Rating: 9
View SWFI Direct Transaction Data
SWFI ID: 272A1000000001
Entity Structure: Investment Authority (Overseeing Funds)
Population Est.: 174.5 million – 2013
Wealth Per Capita Est.: US$ 7.74
The Clan Place, 4th floor,
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.
Background on Nigeria Sovereign Investment Authority
Historical Assets Under Management