The National Economic Council (NEC) on Thursday approved the nomination of six Nigerians for appointment into the board of the Nigeria Sovereign Investment Authority (NSIA). The body also approved the injection of a fresh $250 million capital into the Sovereign Wealth Fund. Established by an Act of the National Assembly in May 2011, the Nigeria Sovereign Investment Authority manages Nigeria's Sovereign Wealth Fund. - NSIA outlook, among others, are as follows:-NSIA plans to increase domestic infrastructure investment in 2017 as there are compelling opportunities in the environment. -Council, while adopting the report of the NSIA, decided to inject a fresh $250 million into the SWF sourced from the ECA.

Source: The North Africa Journal February 17, 2017 08:33 UTC