NSIA records N26.3 billion increase in income in 2015

News Express |3rd Apr 2016 | 3,182
NSIA records N26.3 billion increase in income in 2015

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.



Comments

Post Comment

Thursday, September 18, 2025 8:00 PM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025