July 30, 2021 The Nigeria Sovereign Investment Authority (NSIA), has expressed optimism that the Second Niger Bridge and the Lagos—Ibadan Expressway will be completed by 2022. Uche Orji, NSIA’s Managing Director, featured at the weekly State House media briefing organised by the Presidential Communications Team on Thursday at the Presidential Villa, Abuja. Orji said that ...

July 14, 2021 Going forward, the Federal Government will be looking for the right type of investors in its privatization and commercialization efforts, “looking out for the right models, the right type of investors and also looking at funding for these investors over an extended period of time,” according to Vice President Yemi Osinbajo. Prof. ...

June 7, 2021 A House of Representatives Committee has summoned the Inspector-General of Police and the National Security Adviser to appear before it over recovered looted funds from 2002 to 2020. The summon was sequel to a unanimous adoption of a motion by Rep. Ibrahim Isiaka (APC-Ogun) at an investigative hearing organised by the committee ...

May 21, 2021 The Nigerian Sovereign Investment Authority (NSIA) has recorded a 343% growth in Total Comprehensive Income totalling N160.06 billion in 2020 compared to N36.15 billion in the previous year and 33% growth in Net Assets, rising up to N772.75 billion from the previous N579.54 billion. This was one of the major highlights in ...

The Federal Government says in consonance with the existing framework engaged in the management of previous recovered funds, the Federal Executive Council, FEC, has directed that the instant repatriated James Ibori funds be deployed towards the completion of the following legacy projects: the Second Niger Bridge, Abuja – Kano expressway and the Lagos – Ibadan ...

The United Kingdom has signed a Memorandum of Understanding (MoU) to return the sum of £4.2 million assets stolen by former Delta State Governor, James Ibori to Nigeria. This was announced on Tuesday by the British High Commissioner to Nigeria, Catriona Laing in Abuja, the nation’s capital. Laing at the signing of the MoU at ...

The Federal Government has signed a 1.4 billion dollar agreement with OCP Group of Morocco to produce ammonia and diammonium phosphate in the gas industrialisation strategy. A statement issued on Wednesday in Abuja by Mr Titilope Olubiyi, Communications Officer, Nigeria Sovereign Investment Authority (NSIA) said the agreement was signed in Benguerir, Morocco. The agreement was ...

President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1 Trillion which is envisaged over time to grow to N15 Trillion in assets and capital. Infra-Co will be one of the premier infrastructure finance entities in Africa and will be wholly ...

The 36 state governors are to meet President Muhammadu Buhari, as soon as possible, to address security challenges across the country, the Nigeria Governors’ Forum (NGF) said. The forum disclosed this in a communiqué signed by its Chairman and Governor of Ekiti State, Kayode Fayemi, after its 22nd teleconference meeting in Abuja on Friday. According ...

The Federal Government says it is collaborating with the Central Bank of Nigeria, CBN, the Nigerian Sovereign Wealth Investment Authority (NSIA) and other stakeholders in the creation of an Infrastructure Company (Infraco) Fund to address some of the nation’s critical infrastructure needs. President Muhammadu Buhari made the disclosure in his speech delivered virtually by Vice ...