NSIA commits $500m to boost infrastructure devt

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The Nigeria Sovereign Investment Authority says it has committed $500m to boost domestic infrastructure, while also enabling third-party investments of over $1bn.

Also speaking, the representative of the Director General, Nigeria Governors Forum, Lateef Shittu, said local governments were notable stakeholders who accounted for, together with the state governments, represented a significant holding of the fund.

He disclosed that in 2022, the governors requested a presentation on the operations of the NSIA from the management, adding that “we are satisfied with the presentation and what was being done”. The chairman of the committee, Ademorin Kuye, said the objective of the investigation was to ensure that the statutory provisions of the law establishing the Authority were adhered to.

 

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