NSIA records N26.3 billion increase in income in 2015

Posted by News Express | 3 April 2016 | 2,933 times

Total income for the Nigeria Sovereign Investment Authority (NSIA) increased to 26.3 billion naira in 2015, representing a growth of 67%.

Investment income is said to have also risen to 47%.

Addressing newsmen in Abuja, the Managing Director of the Nigeria Sovereign Investment Authority, Mr Uche Orji, said 250 million dollars additional capital was approved to the authority.

According to him, 40% of the fund will be channelled to its infrastructure fund, another 40% into its future generations fund and 20% of the funds used as its stabilisation fund.

•Photo shows NSIA MD, Uche Orji.

Source: News Express