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FG commits additional $500m to National Sovereign Wealth Fund

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Despite the present fiscal constraints, the Buhari administration has increased it’s commitment to the National Sovereign Wealth Fund by 50 percent, committing an additional 500 million dollars.
Acting President Yemi Osinbajo made the disclosure while inaugurating the second board of the Nigeria Sovereign Investment Authority at the Presidential Villa in Abuja.

He charged the board to fundamentally improve the performance of the authority and strengthen its operations, saying the National Economic Council, the NSIA’s governing council and all Nigerians would hold them accountable to this mandate.