Nigeria’s sovereign wealth fund stood at $2 billion this month with the investment agency seeking further growth through agriculture and the addition of asset management, its chief executive officer said. #ReadSomethingAfrican The overarching problem with the status quo in the operation and management of the sovereign wealth fund is that the NSIA continues to manage the fund despite not resolving the aforementioned political issues. The NSIA SWF is a savings account, set up by law, with an independent Board of Directors and a clear mandate. To address this issue will require negotiations for the fixing of an objective formula for determining the oil price benchmark. [8] Petroleum exports account for approximately 90 percent of its foreign revenue and 80 percent of government revenue. Nigeria faces delays in sovereign wealth fund New Sovereign Wealth Fund to Replace ECA In 2011, Nigeria's National Economic Council approved a plan to replace the Excess Crude Account with … Natural Resource Governance Institute, NRGI, has described Nigeria’s $2.4 billion Excess Crude Account as one of the most poorly governed sovereign wealth funds in the world. State governments argue that disbursing excess revenue to the sovereign wealth fund substantially reduces how much revenue ends up in the federation account and, thus, how much the states receive within any fiscal period. The fund was established by the Nigeria Sovereign Investment Authority Act, signed in May 2011, and commenced operations in October 2018 . It then concludes in section 5 with proposals for legislative action by the National Assembly in order to set Nigeria’s SWF on a sound legal foundation. Necessary cookies are absolutely essential for the website to function properly. IMF report on Nigeria’s Sovereign Wealth Fund not reflective of our role, impact – NSIA . He urged Federal Government to urgently consider funding the East-West road from the Sovereign Wealth Fund to guarantee its completion by 2022 as being taunted by the Minister of the Niger Delta. In the case of Nigeria, the sovereign wealth fund is aimed at having good management of the nation's oil windfall. This debate hinges on crucial political interests that are of importance to state governments, primarily the level of fiscal centralization in Nigeria’s federal system and the share of oil revenues owed to oil producing states. is an Associate at Kenna Partners, Lagos and holds a Law degree from the Faculty of Law, University of Lagos. Nigeria’s Sovereign Wealth Fund was an upgrade on the ECA. The first school believes that the establishment of the sovereign wealth fund is unconstitutional because the disbursement of funds that should accrue to the federation account was not envisaged by the Constitution (Section 162). The roles include Human Resources Assistant, Operations Officer. [7] It is also one of the largest producers of oil, on which the majority of its economy relies. NIGERIA’S SOVEREIGN WEALTH FUND I n 2004, the administration of former President Olusegun … The Stabilisation Fund is intended to safeguard against budgetary deficits. Editorial - After five oil booms and near depletion of the savings from the last round of booms, the Federal Government has initiated moves to establish a Sovereign Wealth Fund. The Political Economy of Nigeria’s Sovereign Wealth Fund, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email this to a friend (Opens in new window), #EndSARS and the Fight for Nigeria’s Heart, #EndSARS and the Crisis of Governance in Nigeria, #EndSARS and the Makings of a Historical Movement. [3] The act authorized the establishment of the Nigeria Sovereign Investment Authority, giving it jurisdiction over the country's excess petroleum reserves. The major concerns that ring through this debate can be examined through the perspectives of law, economics and politics. Although the decision to increase the investment in the SWF was taken by the government last November, the fund was not released until last month. Nigeria’s Sovereign Wealth Fund hits $2billion – Uche Orji Dibango E The wealth fund, which commenced operations in 2012, under NSIA was allocated an initial $1billion in seed capital to invest the savings gained on the difference between the budgeted and actual market prices for boil to earn returns that would benefit future generations of Nigeria. When oil prices are high, Nigeria pays into the fund to save for a rainy day. Nigeria Sovereign Investment Authority (NSIA) has reacted to the report by the International Monetary Fund, IMF, Thursday, in its Fiscal Monitor report released at the … From an initial fund of $1 billion, the sovereign wealth fund is currently valued at $2.15 billion, and it has declared profits every year for the past five years. [3], The NSIA was invited to request observer status at the International Forum of Sovereign Wealth Funds (IFSWF), with the intention of eventual membership. Sovereign wealth funds can be derived from a variety of sources and used for a variety of … Historically, given the socio-economic antecedent of the country, there is no doubt that there is a dire need for accountable and prudent management of revenue from natural resources and diversification of the Nigerian economy. Uche Orji, CEO of Nigeria’s Investment Sovereign Authority (NSIA) – managers the fund – says those have been straight years of hard work and profitability, as he tells Onyinye Nwachukwu, BusinessDay’s […] T he debate on how to sustainably … This site uses cookies to improve your experience. These cookies do not store any personal information. Last year, Nigeria, the biggest oil producer in sub-Saharan Africa, replaced its Excess Crude Account (ECA) with three sovereign wealth funds, Future Generations Fund, Nigerian Infrastructure Fund and Stabilization Fund, under the management of the Nigerian Sovereign Investment Authority (NSIA). Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), says the Federal Government established the Sovereign Wealth Fund (SWF) … A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds.Sovereign wealth funds invest globally. There were allegations that accruals were being shared arbitrarily from the ECA across the three tiers of government, during the monthly meeting of the Federation Accounts and Allocation Committee (FAAC). The ECA was not backed by law; consequently since its establishment there has been a raging controversy As the Nigerian Sovereign Investment Authority continues to make progress in the management of the sovereign wealth fund, it is important that the various issues concerning the management of the fund be put in perspective and dealt with. The Future Generation Fund is a savings fund that will seek investment in long-term investments and assets to provide savings for future generations of Nigerians. You also have the option to opt-out of these cookies. This school also believes that Section 162 of the Constitution directs the state to harness the resources of the nation in the bid to create a prosperous and self-reliant economy. This website uses cookies to improve your experience while you navigate through the website. It’s been seven whole years since Nigeria set up its $1.5bn Sovereign Wealth Fund in search of better ways to manage its oil earnings. This attention naturally came with a discussion of the myriad issues surrounding the fund’s management. The issue of the sovereign wealth fund undermining the fiscal federal structure in the country has been the major argument canvassed by state governments in Nigeria for the non-establishment of the sovereign wealth fund. REUTERS/Toby Melville Sovereign wealth funds invest globally. The Nigerian sovereign wealth fund has the important objective of addressing critical issues in relation to the Nigerian economy and is, perhaps, the most important fiscal initiative from the Nigerian federal government in the last decade. The International Monetary Fund (IMF) has ranked Nigeria as the world’s second worst country in the use of sovereign wealth funds.. A magazine and platform centring Nigeria and Africa in the world’s most critical social, economic and political issues. The theme of the Webinar was “Nigerian Sovereign Wealth Fund and the urgency for economic diversification.” Aganga said that the country needs to start shifting it’s focus from oil to non-oil sector in order to effectively achieve economic development. Nigeria Sovereign Investment Authority (NSIA) is a Sovereign Wealth Fund located in Abuja Nigeria, Africa, and was founded in 2012. This view is consistent with the decision of the Supreme Court in AG Ondo v AG Federation (2002). Just as it reduces the revenue that all federating states of Nigeria receive, it also reduces the funds oil producing states are guaranteed under the derivation formula stated in the constitution. [19], Thefund is composed of three distinct funds or windows, each with specific investment and development objectives. Furthermore, the participation of the various federating units through their governors in the governing council of the Nigerian Sovereign Investment Authority will be useful in ensuring that the management of the fund is both transparent and gives the various states a feeling of being involved in the fund’s management. S, 'We need frequent actions of civil disobedience.'. The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. The constitutional lacuna should, therefore, be addressed and more funds be disbursed to empower the NSIA to invest more in infrastructure and carry out more investments globally through the stabilization fund and future generation fund. #EndSARS: A Refusal to ‘Suffer and Smile’. Nigeria’s Sovereign Wealth Fund was an upgrade on the ECA. Nigeria’s dependence on crude oil revenue makes its economy subject to the vagaries of the international oil market. The theme of the Webinar was “Nigerian Sovereign Wealth Fund and the urgency for economic diversification.” Aganga said that the country needs to start shifting it’s focus from oil to non-oil sector in order to effectively achieve economic development. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria. It was established as independent agency by an act of the National Assembly in May 2011. For Nigeria, he said IMF’s reference to sovereign wealth fund focuses on the excess crude account, which requires greater transparency on the rules governing deposits, withdrawals, and investment. Sovereign Wealth Fund in Nigeria: Issues and Challenges Benjamin J. Cohen argued over two decades ago that ‘high fina nce can no longer be kept separate from high politics (M onk, 2009; 451). The benefits of the fund on the Nigerian economy are evident and there is reason to believe these benefits will continue. Nigeria: how fake representatives of a Qatari sovereign wealth fund fooled oil explorer Lekoil. NIGERIA SOVEREIGN WEALTH FUND: A ROAD MAP TO AVOID THE OIL CURSE. I. A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. These issues with the ECA led to the establishment of the Nigerian sovereign wealth fund. President Muhammadu Buhari has given approval that the sum of $150 million should be withdrawn from the stabilization fund of the Nigerian Sovereign Wealth Fund Nigeria sovereign wealth fund has only $1billion as take-off fund. [4][5][12][13] It is also expected that managing these reserve funds will help to protect Nigeria's economy from external shocks. [2] The firm, JP Morgan, was appointed as the custodian of the funds. bill into law, creating the NSIA and authorizing the establishment of the three ring-fenced funds which are jointly owned by the three tiers of Government. [3], International Forum of Sovereign Wealth Funds, List of countries by sovereign wealth funds, Sovereign wealth fund#Largest sovereign wealth funds, "Sovereign Wealth Fund takes off with $1bn grant", "Sovereign Investment Authority Swings into Action", "Sovereign Wealth Fund will become operational in March – CEO", "General Electric to contribute 15% equity in NSIA projects", "Nigeria Sovereign Wealth Fund to Start Investing in March", "Who will deliver us from this Goodluck? By controlling the benchmark, the federal government can effectively tilt the sharing formula in their favour whenever they choose. [1] The board was inaugurated on 9 October 2012. The fund was established by the Nigeria Sovereign Investment Authority Act, signed in May 2011, and commenced operations in October 2018 . As a result of this provision and the fact that the National Assembly is also empowered to legislate on this section, legal scholars have argued that the establishment of the Nigerian sovereign wealth fund under the NSIA Act is constitutional. Since the inception of the ECA, the idea of managing Nigeria’s sovereign wealth through the deduction of monies from the federation account has been the subject of intense political debate among all the federating units in Nigeria. The debate on how to sustainably manage Nigeria’s sovereign wealth has been raging for about a decade and a half. [5] The Stabilisation Fund was allocated an initial 20 percent, while 32.5 percent each went to the Future Generation and the Nigeria Infrastructure funds.[1][20]. [5], Excess oil reserves were previously allocated to the Excess Crude Account (ECA), which was set up in 2004 as a stabilisation fund to meet the country's yearly budget deficits and to contribute to the development of local infrastructure. In light of these issues, a sovereign wealth fund is essentially the only way the country can ensure a reliable stream of income. He brings a wealth of global experience in the financial services sector to his role as MD/CEO. The average salaries for Nigeria Sovereign Investment Authority (NSIA) is 78,750 Naira. As at the end of 2013, all capital had been deployed in accordance with the allocation to three managers: UBS (US Treasury mandate), Goldman Sachs and Credit Suisse (Corporate Bond mandates). This will remove the high level of federal government discretion that is currently economically and politically unacceptable for oil producing states. The second school believes that the Constitution in Section 162 does not expressly preclude the disbursement of funds to the Nigerian sovereign wealth fund. The NSIA operations are professional and transparent. Looked at from an economic perspective, the sovereign wealth fund is clearly a net-positive for Nigeria. Aside from the question of its legality, the ECA generated controversy over allegations of corruption and mismanagement. This arrangement is made worse by the fact that the structure that underpins the sovereign wealth fund was set up by the federal government and carried out without any state consultation. Proponents of this school argue that if the Constitution did not mention such an instrument when describing revenue allocation, then the sovereign wealth fund is unconstitutional. The Political Economy of Nigeria’s Sovereign Wealth Fund. A sovereign wealth fund is a state-owned investment fund. The Bill to move Sovereign Wealth Fund (SWF) and the Nigeria Sovereign Investment Authority (NSIA) to first line charge on the federation account has scaled second reading at the Senate. The consistent growth and profitability of the sovereign wealth fund for the past five years, as well as its consistent positive ranking on the index of the Sovereign Wealth Fund Institute, is indicative of the fact that the sovereign wealth fund is being well managed. Yet Albayrak still held on to his post as deputy head of the sovereign wealth fund, which was created in 2016 and now manages state assets officially valued at $22.6 billion. This argument is further strengthened by the fact that the Constitution in Section 162 presumably establishes a trusteeship over the revenue of the government and the objectives of the sovereign wealth fund align with the management of the funds accruing to all the governments of the federation as envisaged by the Constitution. * Questions remain on financing sovereign fund. In recent years a new cohort of Sovereign Development Funds, SDFs, have arrived on the scene seeking to catalyse investment and growth in their own economies. 2. While the ECA was never repealed and continues to operate, the sovereign wealth fund has taken over its mandate. It is volatility like this that spurred the formation of Sovereign Wealth Funds across the world. Introduction. Daniel Olika September 16, 2019 August/September 2019. The abolition of the fund is clearly not an option in light of the numerous economic benefits of operating and managing the fund. Furthermore,the fund can help to sustain and eventually improve the monetary value of the naira. Nigeria’s sovereign wealth fund has the important objective of addressing critical issues in relation to the Nigerian economy and is, perhaps, the most important fiscal initiative from the Nigerian federal government in the last decade. She explained that the issue of funding has been addressed because @FinMinNigeria has given 650 million US dollars to @nsia_nigeria, whose responsibility is to generate additional funds to ensure Abuja-Kad-Zaria-Kano dual carriageway & other designated projects are fully funded. -⠀, Why are Nigerians demanding #JusticeForDonDavis? He joined NSIA as CEO in October 2012, from Switzerland’s largest bank, UBS Securities, where he was Managing Director in the New York branch of its Equities Division. Nigeria has increased in its Sovereign Wealth Fund (SWF) capital by an additional $250 million, bringing the total investment portfolio to about $1.750 billion since inception, according to the business news website, Global Financial Digest. NSIA was established by an act of the National Assembly in May 2011. It was established as independent agency by an Act of the National Assembly in May 2011. Undoubtedly, some states—particularly oil-producing states—will not support this initiative for various political reasons. [11], Nigeria's SWF was brought into law in 2011 via the Nigeria Sovereign Investment Authority Act[4][12] and is expected to replace the ECA. bill into law, creating the NSIA and authorizing the establishment of the three ring-fenced funds which are jointly owned by the three tiers of Government. This problem is heightened by the mismanagement of public funds and the absence of adequate infrastructure to meet the needs of Nigeria’s ever-increasing population. The key features of the SWF’s legal basis and structure, as well as the legal relationship between the SWF and other state bodies, should be publicly disclosed. Although the ECA was generally regarded to be a noble idea at inception, it was criticized for having a faulty political and constitutional foundation, and for being dictatorial, uncoordinated and unconstitutional. Unlike the political and economic perspectives to the debate on the establishment of the sovereign wealth fund, the debate’s legal perspectives are more robust and more developed, with two competing schools of thought. [17] The total professional and administrative staff complement of the NSIA is 25. These cookies will be stored in your browser only with your consent. People walk past the London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. The legal framework for the Nigeria Sovereign Investment Authority (NSIA) is the NSIA Act 2011. We also use third-party cookies that help us analyze and understand how you use this website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. It was established as independent agency by an Act of the National Assembly in May 2011. It is intended to invest the savings gained on the difference between the budgeted and actual market prices for oil to earn returns that would benefit future generations of Nigerians. Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), says the Federal Government established the Sovereign Wealth Fund (SWF) to shield Nigerian economy from adverse global shocks. Nigerian sovereign wealth fund grows to $2bn, says CEO September 7, 2017 1.3K views 0 comments Uche Orji, chief executive officer of the Nigeria Sovereign Investment Authority said Wednesday that the country’s sovereign wealth fund stood at $2 billion this month with the investment agency seeking further growth through agriculture and the addition of asset management. Nigeria’s sovereign wealth fund has grown slightly over $2 billion, Managing Director and Chief Executive Officer of the Nigeria Sovereign Investment Authority (NSIA), Dr Uche Orji,revealed. Rather than saving with the cooperation of state governments, Nigeria saves amid vigorous opposition from its federating units (who sense that an arrangement like the fund is fundamentally against their interests). Current Assets for NSIA is $1,781,510,000 and SWFI has 7 periods of historical assets, 18 subsidiaries, 75 transactions, 4 Opportunities/RFPs, 41 personal contacts available for … The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund,[4] into which the surplus income produced from Nigeria's excess oil reserves is deposited. In the last two years alone, the NSIA has provided infrastructural investment in critical areas of the economy ranging from healthcare to agriculture. #On, Today in 1923, Cheikh Anta Diop was born.⠀ Nigeria has increased in its Sovereign Wealth Fund (SWF) capital by an additional $250 million, bringing the total investment portfolio to about $1.750 billion since inception, according to the business news website, Global Financial Digest. However, to enjoy sustained and continued growth of the sovereign wealth fund, it is important that the legal and political issues arising from the management of the fund be addressed. By investing the funds in various asset classes in the international market, the government’s access to foreign currency will increase. In the years preceding 2008, Nigeria benefitted from the surge in oil prices, which allowed the government to build up excess reserves and increase public expenditure. The NSIA SWF is a savings account, set up by law, with an independent Board of Directors and a clear mandate. Nigeria was one of only three OPEC member states not to have a sovereign wealth fund. Nigeria is the most populous country on the African continent[6] with an estimated 203,452,505 million people. The constitutional lacuna, if addressed, presents a strategic way to deal with both the legal and some of the political issues relating to the management of the sovereign wealth fund. One major challenge that has confronted most countries with natural resources is the 'oil curse' or in its causative form the 'Dutch disease'. Post was not sent - check your email addresses! This is revealed in the Fiscal Monitor Report released today by the International Monetary Fund.According to the report, Qatar is the only country worse than Nigeria … They argue that the logical conclusion is that since the creation of the sovereign wealth fund was not expressly excluded, the sovereign wealth fund cannot be stated to be unconstitutional. IMF report on Nigeria’s Sovereign Wealth Fund not reflective of our role, impact – NSIA On April 11, 2019 5:21 am In Business , News by vanguard Kindly Share This Story: [5] Given Nigeria's dependence on oil, its economy is susceptible to shifts in oil prices. President Recep Tayyip Erdogan's son-in-law quit as the deputy head of Turkey's huge sovereign wealth fund, completing a fall from grace that began with … The Act also established the Nigerian Sovereign Investment Authority and empowers it to manage the sovereign wealth fund through three different funds. He urged Federal Government to urgently consider funding the East-West road from the Sovereign Wealth Fund to guarantee its completion by 2022 as being taunted by the Minister of the Niger Delta. These states will certainly oppose the idea, as they have always done, because of the discretionary power of the federal government to determine the ‘oil price benchmark’. Nigeria’s sovereign wealth fund has grown slightly over $2 billion, Managing Director and Chief Executive Officer of the Nigeria Sovereign Investment Authority (NSIA), Dr Uche Orji,revealed. July 6, 2010 / 4:18 PM / 10 years ago. 03/01/2019. Economists argue that, in the context of the Nigerian economy, a sovereign wealth fund is important since it helps to diversify the economy and stabilize it in the event of revenue shortfalls. 2) (2002). The bill was assented to by the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan on May 26, 2011 and subsequently gazette on June 3, 2011. Fund Mandates NSIA Funds: Three Separate & Ring-fenced Investment Funds. The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. The bill is tagged, “An Act to Amend the Allocation of Revenue (Federation Account, etc) Act Cap A15 Laws of the Federation of Nigeria 2004 and for Other Related Matters, 2020 . Nigeria has so far invested in the SWF $1 billion, then $500 million, and a further $650 million. The Republic: A Journal of Nigerian Affairs © The Republic Knowledge Company, 2016-2020. Nigeria’s sovereign wealth fund has the important objective of addressing critical issues in relation to the Nigerian economy and is, perhaps, the most important fiscal initiative from the Nigerian federal government in the last decade. Nigeria Sovereign Wealth Fund. Sceptics say a Nigerian sovereign wealth fund is likely to suffer the same fate as the ECA, with squabbling over who controls the funds and how they are managed. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Sovereign wealth funds in the Gulf, where governments are struggling to absorb the impact of lower oil prices, have been making adjustments to generate higher yields. But opting out of some of these cookies may have an effect on your browsing experience. Nigeria will soon join the economies of the world that have used their foreign reserve to set up sovereign wealth funds to create more assets for the country with foreign reserves. This argument is bolstered by the fact that the federal government unilaterally controls the sovereign wealth fund and the ‘excess revenue’ that finances the fund is entirely dependent on the ‘oil price benchmark’—a benchmark entirely at the discretion of the federal government. [9][10] The constitutionality of the ECA has been brought into question. Awolowo: the greatest president Nigeria never had? [12][14][15], Uche Orji was appointed as the Chief Executive Officer of the NSIA[4][16] with Alhaji Mahey Rasheed as the chairman of the board of directors. ALL RIGHTS RESERVED While the sovereign wealth fund faces the same legal and political challenges as the ECA, regarding its economic results, the fund has been more successful. The future sovereign fund will be designed to underpin Ivory Coast's strategic development over the next thirty years - a project being overseen by Patrick Achi. The legal issues with the management of the sovereign wealth fund have their basis in the Constitution. Origin On 27 May 2011, the President signed the Nigeria Sovereign Investment Authority (Establishment etc.) [3], The Nigeria Infrastructure Fund is expected to secure investments in the infrastructural development of the country in areas such as agriculture and other government directed projects. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria. Nigeria Sovereign Investment Authority is a Sovereign Wealth Fund created by the government of Nigeria in 2013. [2] As a member of the IFSWF the fund has signed up to the Santiago Principles on best practices for managing Sovereign Wealth Funds[18] and publishes a self-assessment on how it adopts and implements the principles within its governance procedures. A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments.Sovereign wealth funds are entities that manage the national savings for the purposes of investment. Click . This conclusion finds its root in the decision of the Supreme Court in the onshore/offshore dichotomy debate in the case of AG Federation v AG Abia, (No. For oil producing states, the prospect of diverting excess oil revenues to the sovereign wealth fund is doubly contemptible. ", "All quiet at Sovereign Wealth Fund as excess crude account depletes", "Volatility delays investment from Nigeria sovereign wealth fund", "Senate Passes Nigerian Sovereign Investment Authority Bill", "Nigeria Sovereign Wealth Authority Plans $525m Infrastructural Investment", "Nigerian Sovereign Investment Authority", "Nigerians to pay for amenities financed with Sovereign Wealth Fund", "FG Saves N119bn with Integrated Payroll System", "Santiago Principles Self-Assessment Nigeria Sovereign Investment Authority", "Nigeria Sovereign Investment Authority unfolds areas of interest", Nigeria Sovereign Investment Authority's Official website, Q&A with Uche Orji, CEO of the Nigeria Sovereign Investment Authority, https://en.wikipedia.org/w/index.php?title=Nigeria_Sovereign_Investment_Authority&oldid=994917430, Creative Commons Attribution-ShareAlike License, Uche Orji - Managing Director & Chief Executive Officer, This page was last edited on 18 December 2020, at 06:02. 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