The Nigerian Sovereign Investment Authority (NSIA) and North South Power (NSP) Company Ltd have opened collaborative investment discussions on a solar-hydro hybrid grid targeting 20 Megawatts of power. The Vice President, Kashim Shettima, who gave this hint, said the Fund planned to flag-off the 20 megawatts in its first phase of a 300 megawatts project. Shettima, […]
Economists and fiscal experts have described the latest moves by the Federal Government to establish an Infrastructure support facility from the surpluses recorded in revenue collections following the unification of the foreign exchange (FX) rate as fiscally unreasonable. The Special Adviser to the President on Communications and Strategy, Mr. Dele Alake, had disclosed at the […]
Following the positive impact of its interventions in Nigeria’s healthcare system over the past two years, the Nigerian Sovereign Investment Authority (NSIA) on Thursday disclosed that it planned to invest, in collaboration with its partners, about $100 million in its Diagnostics and Oncology Expansion Programme for critical medical facilities in the country. The NSIA’s Managing […]
Despite uncertainties in the global investment space and sundry fiscal constraints in the domestic environment, the Nigerian Sovereign Investment Authority (NSIA) has reported N153.56bn profit in the 2021 financial year. Despite the increasingly volatile global investment climate, the NSIA which was set up by the Federal Government in 2012 to manage Nigeria’s Sovereign Wealth Fund, […]
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Tuesday predicted that Nigeria’s economy would record between 2.5% and 3.0% growth this year despite the lingering impact of COVID-19 pandemic across all the broad sectors of the nation’s economy. Specifically, the top banker said that the apex bank was targeting a 15 percent inflation […]
The Federal Government has unveiled plans to raise manufacturing sector’s contribution to the nation’s Gross Domestic Product (GDP) to 20 percent within the next six years. Currently, the real sector’s contributions to the nation’s GDP is less than 10 percent, thereby necessitating huge importation of manufactured goods with the attendant negative implications for Nigeria’s foreign […]
The Minister of Information and Culture, Alhaji Lai Mohammed, said on Tuesday that the Federal Government had earmarked $1.3 billion for the funding of five critical infrastructure projects across the country. Mohammed made the disclosure this when he featured in the News Agency of Nigeria (NAN) Forum, said the projects would be funded under the […]