FG Injects $500M into Newly Inaugurated NSIA


The Acting President, Yemi Osinbajo had on Friday in Abuja inaugurated the new board of the Nigerian Sovereign Investment Authority (NSIA) with the disclosure of fresh injection of $500 million into the scheme.

 Osinbajo said the fund was part of the federal government's drive for economic growth and infrastructure development.
 Members of the board chaired by Mr. Babajide Zeitlin will serve for a term of four years.

 "As we navigate the pathway out of recession and into a self-sufficient and diversified economy, it is our expectation that the NSIA will remain increasingly strategic to our nation's growth and development," Osinbajo said in part.
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