The Nigeria Sovereign Investment Authority and Vitol today announce that they have entered into an agreement to establish a joint venture to invest in a range of high integrity, socially impactful, carbon avoidance and removals projects. NSIA and Vitol have agreed to make an initial commitment of US$50 million to this new venture.
Nigerian company Kasi Cloud Ltd. (Kasi), the next-generation interconnection and data center platform for hyperscale and enterprise cloud, is delighted to announce that it held a groundbreaking ceremony in Lekki, Lagos on April 19, 2022 to signal the beginning of construction on the company’s first of several planned data center campuses in Nigeria.
Following a directive from President Muhammadu Buhari, the Presidential Infrastructure Development Fund (“PIDF”) working through the Nigeria Sovereign Investment Authority (“NSIA” or “the Authority”) has donated 16 fully equipped operational security vehicles to the Nigeria Police Force to further protect lives and property along the 165km stretch of the ongoing Abuja – Kano Road (“AKR”) construction project.
His Excellency, President Muhammadu Buhari, has approved the appointment of Dr. Ogechi Paschal-Ejiogu to the Board of Directors of the Nigeria Sovereign Investment Authority, effective Thursday, January 6th, 2022. She replaces Mr. Ike Chioke, the former appointee for the South-East region of Nigeria, who followin his appointment in 2021, had respectfully requested to be relieved of Board duty at the NSIA as his firm
was appointed to support government in another role.
The Nigeria Sovereign Investment Authority (NSIA) is investing in the Off-Grid renewable space in partnership with the Rural Electrification Agency (REA). The Solar Power Naija Program is being launched under the Buhari Administration’s Economic Sustainability Plan (“ESP”) and supervised directly by the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo.
The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth fund, today announces its audited results for 2020 financial year, reflecting a strong financial performance and consistent implementation of strategic infrastructure investment programmes
for the year.