Uche Orji, the Harvard-trained head of Nigeria’s sovereign wealth fund, said he’s worried about rising stock prices as he prepares to hand over the next tranche of the fund’s $1 billion of holdings to external fund managers.
Showing posts with label Nigerian Sovereign Investment Authority (NSIA). Show all posts
Showing posts with label Nigerian Sovereign Investment Authority (NSIA). Show all posts
Thursday, September 12, 2013
Wednesday, October 19, 2011
FG Kickstarts Sovereign Wealth Fund with $1bn – ThisDay
Amid dialogue with the governors of the 36 states of the federation, the Federal Government Tuesday announced that it had commenced the implementation of the Sovereign Wealth Fund (SWF) with a seed capital of $1 billion from the Excess Crude Account (ECA).
Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, who made the disclosure at a media parley in Abuja, said the government was launching the implementation of the SWF with a series of initial steps designed to build a strong foundation for achieving the objectives of the Fund as encapsulated in the Nigerian Sovereign Investment Authority (NSIA) Act.
Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, who made the disclosure at a media parley in Abuja, said the government was launching the implementation of the SWF with a series of initial steps designed to build a strong foundation for achieving the objectives of the Fund as encapsulated in the Nigerian Sovereign Investment Authority (NSIA) Act.
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