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Tag Archives: NSIA

FG partners NSIA, others to provide 500,000 homes

NSIA

The Federal Government, through its Ministry of Finance is partnering with the Nigerian Sovereign Investment Authority (NSIA) and other players in the housing sector to provide 500,000 houses to prospective homeowners by 2023. The proposed homes, which is said to be the largest affordable housing focused fund in sub-Saharan Africa is set to provide 1.5million jobs that will positively impact ...

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Buhari approves $650m seed funding for Presidential infrastructure development

infrastructure development

Earlier this month, President Muhammadu Buhari approved the establishment of a Presidential Infrastructure Development Fund (PIDF) with seed funding of $650m from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account as approved by the National Economic Council (NEC). The fund will be managed by the Nigeria Sovereign Investment Authority (NSIA) and invested specifically in critical road and power projects across ...

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Nigerian underwriters experience a boom in real estate investment

Nigerian underwriters experience a boom in real estate investment

Nigerian underwriters have continued to experience a boom in real estate investment in industry increased by N5 billion from N98.11 billion to N103.51 billion within a period of one year. According to the balance sheets prepared by the regulator, National Insurance Commission (NAICOM), five underwriting firms failed to pick interest in the blossoming real estate sector, while Mutual Benefits Assurance ...

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NSIA , Guarantco Establish Infrastructure Credit Agency

NSIA , Guarantco Establish Infrastructure Credit Agency

The Nigeria Sovereign Investment Authority (NSIA) in conjunction with  Guarantco have floated the Infrastructure Credit Enhancement Facility (infcredit), a special agency dedicated for financing critical infrastructure. Billed for operations from the second quarter of 2017, Chinua Azubike, has been appointed as Chief Executive Officer of InfraCredit, New Telegraph reports. Stating these in a statement issued yesterday by NSIA Media Adviser, Titilope ...

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