The FG has said that $311 million of repatriated Abacha loot has been handed over to the NSIA for investment in road projects.
Buhari has approved the establishment of an Infrastructure Company, wholly focused on critical infrastructural investments in Nigeria.
The project was commissioned on Tuesday evening in an announcement by the NSIA.
This entity will be co-owned by the CBN, AFC and the NSIA.
The NSIA recorded an increase in total assets to N649.84 billion at the end of the financial year.
NEC has approved an additional investment of $250 million into the NSIA, the nation's sovereign wealth fund.
Not too long ago, the Nigeria Sovereign Investment Authority (NSIA), announced its results for the 2018 financial year.
Within the last decade, crises in emerging markets have not only underscored the importance of maintaining adequate external reserves, it has also underscored the need to identify its...