From Uche Usim, Abuja
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has described the Nigeria Sovereign Investment Authority (NSIA), as a strong partner of choice for the federal government. She added that as the FG is leveraging its strong asset base of $4 billion to successfully execute and deliver major infrastructure projects and transformational initiatives with national impact.
In her opening remarks at a plenary session on Sovereign Wealth Funds (SWFs) at Africa Investment Forum (AIF-2022), the minister noted that the incumbent administration has been gradually injecting money into the NSIA such that at the end of 2021, NSIA’s core assets under management has now grown to $2.2billion since commencement of its operations. She explained that through the NSIA, the country was building key roads and bridges under the Presidential Infrastructure Development Fund.