The wealth fund commenced operations in October 2012 with JP Morgan appointed as the custodian of the funds and was set up by the Nigeria Sovereign Investment Authority Act, which was signed into law in May 2011. Act 2011 is mandated to manage funds in excess of budgeted hydrocarbon revenues. The bill was assented to by the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan on May 26, 2011 and subsequently gazette on June 3, 2011. Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) ENACTED by the National Assembly of the Federal Republic of Nigeria: PART I – ESTABLISHMENT, FUNCTIONS, POWERS ETC OF THE NIGERIA SOVEREIGN INVESTMENT AUTHORITY. Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. It was established as independent agency by an act of the National Assembly in May 2011. PDF COMPENDIUM OF ALL LAWS/CATEGORIES ALSO AVAILABLE Email: lawnigeria@gmail.com and info@lawnigeria.com or Text: +234 706 710 2097, NIGERIA SOVEREIGN INVESTMENT AUTHORITY (ESTABLISHMENT, ETC.) The legal framework for the Nigeria Sovereign Investment Authority (NSIA) is the NSIA Act 2011. In an attempt to reverse this trend, the government of Nigeria established a Sovereign Wealth Fund, the Nigeria Sovereign Investment Authority (NSIA), in 2011. Nigeria Sovereign Investment Authority; Type. This fund has one major national objective; to invest the savings gained on the difference between the budgeted and actual market prices for oil to earn returns that would benefit future generations of Nigerians. The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. NSIA was established by an act of the National Assembly in May 2011. Our focus on key sectors of the economy is part of a broader strategic plan to stimulate growth and development. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria. Origin On 27 May 2011, the President signed the Nigeria Sovereign Investment Authority (Establishment etc.) Nigeria Sovereign Investment Authority (NSIA) Test questions study pack is designed to help you prepare faster and easier for all online job assessment. that future generations of Nigerians enjoy the benefits of the resource. Apply for Nigeria Sovereign Investment Authority Graduate Trainee Recruitment 2020. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) From Wikipedia, the free encyclopedia. Women are strongly encouraged to apply for any of the positions on offer. Nigeria Sovereign Investment Authority (NSIA) has invited interested and eligible candidates for Procurement Officer recruitment 2020. As at the end of 2013, all capital had been deployed in accordance with the allocation to three managers: UBS (US Treasury mandate), Goldman Sachs and Credit Suisse (Corporate Bond mandates). The Act was signed into law by the President of the Federal Republic of Nigeria on May 28, 2011. OF THE SOVEREIGN INVESTMENT AUTHORITY, PART II- GOVERNING COUNCIL, BOARD OF’ DIRECTORS AND EXECUTIVE MANAGEMENT, PART III – FINANCIAL PROVISIONS: FUNDING, DISTRIBUTION, ACCOUNT, AUDIT AND REPORTING, PART VII – COMMUNICATION POLICY AND PROCEDURES, PART VIII – DIRECTORS’ AND OFFICERS’ INSURANCE AND INDEMNITIES. Appointment, remuneration, discipline, etc. Funds in excess of budgeted hydrocarbon revenues NSIA, people remain our greatest asset - They our... 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