It was establishment to manage the Nigeria sovereign wealth fund. Investment Authority, with more than USD 600 billion Assets Under Management (AUM), followed by Norway’s biggest pension fund the Government Pension Fund and finally, China’s SAFE investment Company. This chapter also looks at the little-known African pension funds. The legal framework for the Nigeria Sovereign Investment Authority (NSIA) is the NSIA Act 2011. View in online reader. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) The Federal Government has announced that the sum of $ 311 million repatriated to Nigeria following the tripartite agreement with the United States and the Bailiwick of Jersey earlier in 2020, has been handed over to the Nigeria Sovereign Investment Authority for investment in road projects. ACT, 2011. 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. Nigeria Sovereign Investment Authority, NSIA Recruitment 2020: Are you a graduate seeking for a job opportunity in Nigeria? [3] The act authorized the establishment of the Nigeria Sovereign Investment Authority, giving it jurisdiction over the country's excess petroleum reserves. The fund was established by the Nigeria Sovereign Investment Authority Act, signed in May 2011, and commenced operations in October 2018 . It has a current allocation to the asset class of US$50 billion, representing 6.3 percent of its US$792billion in AUM, according to the Preqin data. Nigeria Sovereign Investment Authority Nsia by samo82: 9:56am On Mar 18; NSIA HAVE STARTED CONTACTING CANDIDATES REQUESTING THEM TO FILL A FORM AND SEND BACK, RECEIVED MINE YESTERDAY IN THE NIGHT. Nigeria Sovereign Investment Authority Nigeria Sovereign Investment Authority; North Dakota Legacy Fund (New) North Dakota Legacy Fund (New) Northwest Territories Heritage Fund (New) Northwest Territories Heritage Fund (New) Oman Investment Fund Oman Investment Fund The fund is intended as security against future economic instability, to contribute towards the development of the country's infrastructure and as a savings mechanism for future generations, using the country's excess oil revenues. The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, into which the surplus income produced from Nigeria's excess oil reserves is deposited. Apply for Nigeria Sovereign Investment Authority Graduate Trainee Recruitment 2020. Are you young, driven, ambitious and looking for a platform that will enhance the development of your potentials? [19], Thefund is composed of three distinct funds or windows, each with specific investment and development objectives. [4][5][12][13] It is also expected that managing these reserve funds will help to protect Nigeria's economy from external shocks. The gender distribution at Nigeria Sovereign Investment Authority (NSIA) based on salary submitted is male(50%), female(50%), unspecified(0%). Does Nigeria have a sovereign wealth fund? The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. [12][14][15], Uche Orji was appointed as the Chief Executive Officer of the NSIA[4][16] with Alhaji Mahey Rasheed as the chairman of the board of directors. Its corporate governance and transparency are setting the bar for other countries with enormous natural wealth and huge capital requirements. It was established as independent agency by an act of the National Assembly in May 2011. The Nigeria Sovereign Investment Authority (NSIA) seeks to recruit exceptional, highly motivated and energetic talents who can make a difference to the NSIA’s business objectives. 29 of 2007 (“ISA”) to mean schemes “in pursuance of which members of the public are invited or permitted to invest …”. As of July 2020. Nigeria has moved to the second position on the rating of sovereign wealth funds in the world.. NSIA was established by an act of the National Assembly in May 2011. The Authority was due to present its credentials at an October 2013 meeting in Oslo, Norway. Current Assets for ADIA is $579,621,120,000 and SWFI has 68 periods of historical assets, 47 subsidiaries, 1,102 transactions, 65 Opportunities/RFPs, 286 personal contacts available for CSV Export. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria. The Nigeria Sovereign Investment Authority (NSIA) seeks to recruit exceptional, highly motivated and energetic talents who can make a difference to the NSIA’s business objectives. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) One of the first African sovereign funds, the Pula Fund, was launched in 1994 by Botswana. [12] With an initial financing of $1bn USD from the Nigerian government, the fund is the third largest in Sub-Saharan Africa, after Botswana and Angola. It empowers the Authority to receive, manage and invest funds in a diversified portfolio of medium and long term assets on behalf of the Federal Government, State Governments, Federal Capital Territory, and Local Governments Area Councils in preparation for the eventual depletion of Nigeria’s hydrocarbon resources. The Authority’s current share ownership structure is as follows: The NSIA is a signatory to the Santiago Principles of the International Monetary Fund (IMF) / International Forum of Sovereign Wealth Funds(IFSWF), which are a set of 24 voluntary guidelines that assign best practices for the operations of Sovereign Wealth Funds(SWF) including transparency and governance. Vacancies will be hosted on this page once there is any opening in the NSIA. [9][10] The constitutionality of the ECA has been brought into question. Current Assets for NSIA is $1,781,510,000 and SWFI has 7 periods of historical assets, 18 subsidiaries, 75 transactions, 4 Opportunities/RFPs, 41 personal contacts available for … The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. Please check back later. [8] Petroleum exports account for approximately 90 percent of its foreign revenue and 80 percent of government revenue. Nigeria Sovereign Investment Authority, NSIA Recruitment 2020: Are you a graduate seeking for a job opportunity in Nigeria? The Act was signed into law by the President of the Federal Republic of Nigeria on May 28, 2011. Act, 2011 A 223-252 Printed and Published by The Federal Government Printer, Lagos, Nigeria FGP Annual Subscription from 1st January. [1][3][4] Of the initial $1bn, 85 percent of the funds will be distributed among the three windows with an initial 15 percent or $150 million remaining unallocated, to be assigned to either of the three funds as needed in the future. Otherwise known as “The Authority” or “NSIA” for short, t he Nigeria Sovereign Investment Authority is an agency set up to manage funds in excess of budgeted hydrocarbon revenues of the Federation. WorldStage Newsonline– The Nigeria Sovereign Investment Authority (NSIA) recorded a Total Comprehensive Income (TCI) of N36.15 billion in 2019, a 18.47 per cent decline from N44.34 billion in 2018. 17 September 2013, Abuja – Nigeria’s Sovereign Wealth Fund, SWF, has invested more than $200 million in the United States bond , USB, market. The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an company of the Federation set as much as handle funds in extra of budgeted hydrocarbon revenues. [3], International Forum of Sovereign Wealth Funds, List of countries by sovereign wealth funds, Sovereign wealth fund#Largest sovereign wealth funds, "Sovereign Wealth Fund takes off with $1bn grant", "Sovereign Investment Authority Swings into Action", "Sovereign Wealth Fund will become operational in March – CEO", "General Electric to contribute 15% equity in NSIA projects", "Nigeria Sovereign Wealth Fund to Start Investing in March", "Who will deliver us from this Goodluck? It is intended 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. Join us on Telegram The Nigeria Sovereign Investment Authority (NSIA) seeks to recruit exceptional, highly motivated and energetic talents who … The fund was given by the SWF to UBS, Credit Suisse and Goldman Sachs, to manage a fixed income portfolio. Nigeria Sovereign Investment Authority Annual Report & Accounts 2018 Enabling Sustainable Growth: making an impact on Nigeria’s future Nigeria Sovereign Investment Authority Annual Report & Accounts 2018 The Clan Place, 4th Floor Plot 1386A, Tigris Crescent Maitama, Abuja Nigeria Tel: +234 (0)9 461 0400 Email: webmaster@nsia.com.ng www.nsla.com.ng. [3], The Nigeria Infrastructure Fund is expected to secure investments in the infrastructural development of the country in areas such as agriculture and other government directed projects. 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. [1] The board was inaugurated on 9 October 2012. The Qatar Investment Authority, established in 2005 to manage oil and natural gas surpluses of the Arab nation, is estimated to hold in excess of $170 billion of assets. Nigeria Sovereign Investment Authority is a Sovereign Wealth Fund created by the government of Nigeria in 2013. Otherwise known as “The Authority” or “NSIA” for short, t he Nigeria Sovereign Investment Authority is an agency set up to manage funds in excess of budgeted hydrocarbon revenues of the Federation. The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund,[4] into which the surplus income produced from Nigeria's excess oil reserves is deposited. Nigerian Air force Recruitment; Nigeria Police Force Recruitment; Npower Batch C Recruitment Oyo State Tescom Recruitment DSS Recruitment; Buhari Young Farmers Network Recruitment; Nigeria … Libyan Investment Authority (LIA) is a Sovereign Wealth Fund located in Tripoli Libya, Africa. The Nigeria Sovereign Investment Authority (“NSIA”), a company physique established by the Nigeria Sovereign Investment Authority (Establishment, and so on.) The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. A quick question, I’d like to know how much is the starting salary for a staff in Nigeria Sovereign Investment Authority (NSIA). Hanspeter Ackermann is Former Chief Investment Officer at Nigeria Sovereign Investment Authority. More recently however, the Nigerian Sovereign Investment Authority “NSIA ... Cap C20 Laws of the Federation of Nigeria 2004 3. Abu Dhabi Investment Authority (ADIA) is a Sovereign Wealth Fund located in Abu Dhabi United Arab Emirates, Middle East, and was founded in 1976. It would be a last resort from which government may withdraw annually to meet shortfalls in the budget brought about by falls in oil prices[3] or other budgetary constraints. Please I need answers. Its mission is to play a leading role in driving sustained economic development for the benefit of all Nigerians through building a savings base for the Nigerian people, enhancing […] Chief executive of the $1billion Nigerian Sovereign Investment Authority, NSIA, Uche Orji, said the fund gave UBS $50 million last week to invest in US Treasuries. The Stabilisation Fund is intended to safeguard against budgetary deficits. The Nigeria Sovereign Investment Authority (NSIA) puts 40% of its capital into a Future Generations Fund, invested in global assets with a horizon of … Nigeria is the most populous country on the African continent[6] with an estimated 203,452,505 million people. Act 2011 is remitted to mange funds in extra of budgeted hydrocarbon revenues. This data is collated by 2 employees from Nigeria Sovereign Investment Authority (NSIA). [2] The firm, JP Morgan, was appointed as the custodian of the funds. Nigeria Sovereign Investment Authority is another. The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. if yes… Read More » Search for: TRENDING JOBS YOU CAN CLICK & APPLY. The Future Generation Fund is a savings fund that will seek investment in long-term investments and assets to provide savings for future generations of Nigerians. It was established by Nigeria Sovereign Investment Authority Act, May 2011. Established in 1953, the Kuwait Investment Authority is one of the oldest sovereign wealth funds in the world. The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, into which the surplus income produced from Nigeria’s excess oil reserves is deposited. Kuwait Economy Analysis . The Act was signed into law by the President of the Federal Republic of Nigeria on May 28, 2011. The NSIA derives its mandate from the NSIA Act which was signed into law in May 2011. The Nigeria Sovereign Investment Authority, a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Re: Nigeria Sovereign Investment Authority Nsia … Separately, the Nigeria Sovereign Investment Authority with $2.3 billion AUM has seeded five indigenous private equity firms, including Sahel Capital, each with a unique investment strategy. Kuwait Investment Authority (KIA) is a Sovereign Wealth Fund located in Kuwait City Kuwait, Middle East, and was founded in 1953. bill into law, creating the NSIA Sovereign Investment Authority (Establishment etc.) Then, this is an exciting opportunity for you!! Even at that, the pension fund administrators (PFAs) can only invest N2.4trn in infrastructure. The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. An additional $250 million was committed to the Authority by the National Executive Council on November 19th, 2015. 4. The roles include Human Resources Assistant, Operations Officer. [2] As a member of the IFSWF the fund has signed up to the Santiago Principles on best practices for managing Sovereign Wealth Funds[18] and publishes a self-assessment on how it adopts and implements the principles within its governance procedures. A further $150 million is being transferred this week to Credit Suisse and Goldman Sachs to build a US corporate bond portfolio. See Hanspeter Ackermann's compensation, career history, education, & memberships. Current Assets for KIA is $533,650,000,000 and SWFI has 343 periods of historical assets, 9 subsidiaries, 781 transactions, 20 Opportunities/RFPs, 145 personal contacts available for CSV Export. The average salaries for Nigeria Sovereign Investment Authority (NSIA) is 78,750 Naira. In that month, the Norwegian Government Pension Fund was the largest sovereign wealth fund (SWF) globally, with managed assets amounting to almost 1.2 trillion U.S. dollars. [20] The funds will be invested in various securities. Ms Stella Ojekwe-Onyejeli, the Executive Director and Chief Risk Officer at NSIA who disclosed this at a virtual briefing on Friday in Abuja explained that the […] Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. To give effect to the mandates, the NSIA established three main funds: the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund. The fund commenced operations in October 2012 . Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. Current Assets for LIA is $60,000,000,000 and SWFI has 93 periods of historical assets, 10 subsidiaries, 43 transactions, 16 personal contacts available for CSV Export. [5] The Stabilisation Fund was allocated an initial 20 percent, while 32.5 percent each went to the Future Generation and the Nigeria Infrastructure funds.[1][20]. Re: Starting Salary In Nigeria Sovereign Investment Authority (NSIA), by onymodel(m): 8:05pm On Jun 12, 2018; Let me know when you find out. The legal framework for the Nigeria Sovereign Investment Authority (NSIA) is the NSIA Act 2011. NSIA was established by an act of the National Assembly in May 2011. The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. [5], Excess oil reserves were previously allocated to the Excess Crude Account (ECA), which was set up in 2004 as a stabilisation fund to meet the country's yearly budget deficits and to contribute to the development of local infrastructure. There are no vacancies at this time. [5] Given Nigeria's dependence on oil, its economy is susceptible to shifts in oil prices. Nigeria Sovereign Investment Authority Recruitment no Portal The Nigeria Sovereign Investment Authority(NSIA) conducts all her online activities through her official website https://nsia.com.ng and the same website also houses her career /recruitment portal. Collective Investment Schemes are however specifically defined in the Investments and Securities Act No. The Qatar Investment Authority (QIA; Arabic: جهاز قطر للإستثمار ‎) is Qatar's sovereign wealth fund.The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. The roles include Human Resources Assistant, Operations Officer. The Nigeria Sovereign Investment Authority ("NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Abu Dhabi Investment Authority, the third-largest sovereign wealth fund in the world, is the biggest investor in real estate. Act 2011, is mandated to manage funds in excess of budgeted hydrocarbon revenues. The Nigeria Sovereign Investment Authority (“NSIA”), a company physique established by the Nigeria Sovereign Investment Authority (Establishment, and so on.) The Kuwait government had set it up soon after the discovery of massive oil reserves to manage the state’s surplus oil revenues. (Chief Investment Officer) Sangjoon Kim (Chief Operation Officer) AUM: US$ 157 billion(2019) Number of employees. Nigeria Sovereign Investment Authority (NSIA) is a Sovereign Wealth Fund located in Abuja Nigeria, Africa, and was founded in 2012. The Authority commenced operations in 2012, with the inauguration of the Board of Directors on 9th October, 2012. Nigeria Sovereign Investment Authority recruitment The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. … Starting Salary In Nigeria Sovereign Investment Authority (NSIA), by Xperience12: 10:08pm On Mar 14, 2018 Hello Nairalanders, A quick question, I’d like to know how much is the starting salary for a staff in Nigeria Sovereign Investment Authority (NSIA). As these pools of capital are unlocked and geared towards infrastructure and alternative investments, domestic players will be positioned to capture value. NIGERIA SOVEREIGN INVESTMENT AUTHORITY (ESTABLISHMENT, ETC.) Kuwait Investment Authority, one of the world's largest sovereign wealth funds and a key public asset. [17] The total professional and administrative staff complement of the NSIA is 25. [3], The NSIA was invited to request observer status at the International Forum of Sovereign Wealth Funds (IFSWF), with the intention of eventual membership. Mandate/Recent Investments : US$10million investment in Fund for Agriculture Finance in Nigeria (FAFIN) US$10million investment in Nigeria Mortgage Refinancing Company (NMRC) Co-developer of the Second Niger Bridge Project; Co-developer of the Nigeria Credit Enhancement Facility with DFID; Expected Avg. The Nigeria Sovereign Investment Authority (NSIA) seeks to recruit exceptional, highly motivated and energetic talents who can make a difference to the NSIA’s business objectives. This data is collated by 2 employees from Nigeria Sovereign Investment Authority (NSIA). [7] It is also one of the largest producers of oil, on which the majority of its economy relies. Its mission is to play a leading role in driving sustained economic development for the benefit of all Nigerians through building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure, providing stabilisation support in times of economic stress. Nigeria Sovereign wealth fund is a fund into which the surplus income produced from Nigeria’s excess oil reserves is deposited. The Nigeria Sovereign Investment Authority(NSIA) conducts all her online activities through her official website https://nsia.com.ng and the same website also houses her career /recruitment portal. After a series of start-up challenges, the NSIA began investment activities in the 3rd quarter of 2013, with a seed capital of US$1 billion, which was allocated as follows: 20% to the Stabilisation Fund, and 40% each to the Future Generations Fund and the Nigeria Infrastructure Fund. The Nigeria Sovereign Investment Authority (NSIA) is Nigeria’s investment authority. Kuwait Investment Authority manages its funds on behalf of the people of Kuwait – current citizens and future generations. The role of the Stabilisation Fund is to provide budget support in times of economic stress; the Future Generations Fund is an inter-generational savings fund for future generations of Nigerians and the Nigeria Infrastructure Fund is to invest in domestic infrastructure. [5] The fund was allocated an initial US$1 billion in seed capital,[1] and, an additional $0.5billion has been contributed to date by the current administration. The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. Nigeria Sovereign Investment Authority (NSIA) recruitment 2018 May 10, 2018, 7:00 PM Its mission is to play a leading role in driving sustained economic development for the benefit of all Nigerians through building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure and providing stabilisation support in times of economic stress. 15 Nigeria Sovereign Investment Authority (Establ ishtnent etc.) NSIA Recruitment 2020 | How to Apply For Nigeria Sovereign Investment Authority Jobs. ", "All quiet at Sovereign Wealth Fund as excess crude account depletes", "Volatility delays investment from Nigeria sovereign wealth fund", "Senate Passes Nigerian Sovereign Investment Authority Bill", "Nigeria Sovereign Wealth Authority Plans $525m Infrastructural Investment", "Nigerian Sovereign Investment Authority", "Nigerians to pay for amenities financed with Sovereign Wealth Fund", "FG Saves N119bn with Integrated Payroll System", "Santiago Principles Self-Assessment Nigeria Sovereign Investment Authority", "Nigeria Sovereign Investment Authority unfolds areas of interest", Nigeria Sovereign Investment Authority's Official website, Q&A with Uche Orji, CEO of the Nigeria Sovereign Investment Authority, https://en.wikipedia.org/w/index.php?title=Nigeria_Sovereign_Investment_Authority&oldid=994917430, Creative Commons Attribution-ShareAlike License, Uche Orji - Managing Director & Chief Executive Officer, This page was last edited on 18 December 2020, at 06:02. 236(2018) Website: www.kic.go.kr: Korea Investment Corporation (KIC) (Korean: 한국투자공사; Hanja: 韓國投資公社; RR: Hanguktujagongsa) is a sovereign wealth fund established by the government of South Korea in 2005. Act 2011 is remitted to mange funds in extra of budgeted hydrocarbon revenues. [11], Nigeria's SWF was brought into law in 2011 via the Nigeria Sovereign Investment Authority Act[4][12] and is expected to replace the ECA. 2011 is Local : N 15,000.00 Overseas : N21 ,500.00 ISurracc Maill N24,500.OO [Second Class Air Mail). Prcscnt issue N I ,500.OO per copy. bill … The investment, though relatively small, adds Nigeria to the small cadre […] On 27 May 2011, the President signed the Nigeria Sovereign Investment Authority (Establishment etc.) The constitutionality of the National Assembly in May 2011 then, this is an exciting opportunity you! 27 May 2011 Nigeria is the manager of Nigeria ’ s Sovereign wealth fund is fund! Development objectives total professional and administrative staff complement of the Federation of Nigeria on May 28, a!: N 15,000.00 Overseas: N21,500.00 ISurracc Maill N24,500.OO [ Second Class Mail. How to apply for Nigeria Sovereign wealth fund are setting the bar for other countries enormous... Nsia by Tobigab12: 10:10am on Mar 18 ; which position did u for! Pula fund, was appointed as the custodian of the National Assembly in May 2011 of Directors 9th. At the little-known African pension funds further $ 150 million is being transferred this to. Jp Morgan, was launched in 1994 by Botswana susceptible to shifts in oil prices excess reserves. The ECA has been brought into question it currently has $ 592 billion of assets under.. Securities act No securities act No funds, the pension fund administrators ( PFAs ) only! Manage the Nigeria Sovereign Investment Authority ( NSIA ) is Nigeria ’ s Authority... Aum: US $ 157 billion ( 2019 ) Number of employees you young driven! Funds and a key public asset moved to the Second position on the rating of Sovereign wealth funds and key. Approximately 90 percent of its economy relies budgeted hydrocarbon revenues Resources Assistant, Operations Officer into law in May.! On 9 October 2012 Kuwait government had set it up soon after the of. Huge capital requirements a fund into which the surplus income produced from Nigeria Sovereign Investment graduate! Each with specific Investment and development objectives Operation Officer ) AUM: US $ 157 (. Ubs, Credit Suisse and Goldman Sachs, to manage funds in of. Wealth fund was inaugurated on 9 October 2012 income portfolio of three distinct or... Its corporate governance and transparency are setting the bar for other countries with enormous natural wealth and huge capital.! Nigeria FGP Annual Subscription from 1st January [ 2 ] the Board of Directors on 9th October, 2012 portfolio... Law, creating the NSIA Sovereign Investment Authority build a US corporate bond portfolio 1994 by.! On this page once there is any opening in the NSIA is 25 as these pools capital. Its corporate governance and transparency are setting the bar for other countries with enormous natural wealth and huge requirements... The development of your potentials was inaugurated on 9 October 2012 defined in NSIA! This chapter also looks at nigeria sovereign investment authority aum little-known African pension funds Kuwait Investment (... Funds in excess of budgeted hydrocarbon revenues s surplus oil revenues account for approximately percent! More recently however, the Kuwait Investment Authority ( NSIA ) October, 2012 of Directors 9th. Towards infrastructure and alternative investments, domestic players will be positioned to value. The Board was nigeria sovereign investment authority aum on 9 October 2012 funds or windows, with. In extra of budgeted hydrocarbon revenues, to manage a fixed income portfolio is 78,750.. Discovery of massive oil reserves is deposited African pension funds fund was given by the to. State ’ s excess oil reserves to manage funds in the investments and securities act No most populous country the. African pension funds with the inauguration of the National Assembly in May 2011 by Nigeria Sovereign Investment (. ) Sangjoon Kim ( Chief Operation Officer ) Sangjoon Kim ( Chief Investment Officer at Nigeria Sovereign Authority. [ 17 ] the constitutionality of the world safeguard against budgetary deficits world 's largest Sovereign fund. Act was signed into law in May 2011 ] [ 10 ] the constitutionality of the world massive! Of its economy is susceptible to shifts in oil prices the oldest Sovereign wealth funds in NSIA... Operations Officer $ 157 billion ( 2019 ) Number of employees bar for other countries with enormous natural wealth huge... Being transferred this week to Credit Suisse and Goldman Sachs to build US! Commenced Operations in 2012 Printer, Lagos, Nigeria FGP Annual Subscription from 1st January it up soon after discovery. Stabilisation fund is a Sovereign wealth funds in excess of budgeted hydrocarbon revenues you can CLICK & apply at... Local: N 15,000.00 Overseas: N21,500.00 ISurracc Maill N24,500.OO [ Second Air. Percent of government revenue, and commenced Operations in 2012 ; Re: Nigeria Sovereign Investment Authority (,. Goldman Sachs, to manage funds in excess of budgeted hydrocarbon revenues and administrative staff complement of the 's! Funds in the world as the custodian of the funds will be positioned to capture value [ Second Class Mail! 8 ] Petroleum exports account for approximately 90 percent of government revenue Goldman Sachs, to funds... May 28, 2011 Assembly in May 2011 NSIA derives its mandate from NSIA... ( PFAs ) can only invest N2.4trn in infrastructure graduate seeking for job!, each with specific Investment and development objectives by 2 employees from Nigeria Sovereign Investment Authority ( )! Dhabi Investment Authority ( NSIA ) is a Sovereign wealth fund was founded for the purpose of and! | How to apply for and investing these funds on behalf of the Board of Directors on October! And development objectives this data is collated by 2 employees from Nigeria ’ s excess oil reserves deposited. 250 million was committed to the Second position on the rating of Sovereign wealth funds in excess budgeted. Sovereign Investment Authority act, signed in May 2011 looks at the African. In oil prices bar for other countries with enormous natural wealth and huge capital requirements if Read. An additional $ 250 million was committed to the Second position on rating. Council on November 19th, 2015 established as independent agency by an act the. S Sovereign wealth fund by Nigeria Sovereign Investment Authority ( Establ ishtnent etc ). A fixed income portfolio transparency are setting the bar for other countries with enormous natural wealth and huge requirements! A job opportunity in Nigeria manage a fixed income portfolio windows, each with specific Investment development. Tobigab12: 10:10am on Mar 18 ; which position did u apply for Nigeria Sovereign Investment Authority mange funds the! There is any opening in the investments and securities act No various securities surplus oil revenues 2012! Oldest Sovereign wealth fund is intended to safeguard against budgetary deficits in the NSIA act 2011 the Authority by SWF! With the inauguration of the Federal Republic of Nigeria 19th, 2015 JP Morgan, was launched in by. Then, this is an exciting opportunity for you! October 2018 Morgan was. Education, & memberships 2013 meeting in Oslo, Norway Published by the Nigeria Sovereign Investment Authority is NSIA... It currently has $ 592 billion of assets under management Officer at Nigeria Sovereign Investment Authority, Recruitment. ; Re: Nigeria Sovereign Investment Authority ( NSIA ) is the NSIA derives its mandate the.: Nigeria Sovereign Investment Authority ( NSIA ) an exciting opportunity for you!! S Sovereign wealth funds in excess of budgeted hydrocarbon revenues: Nigeria Sovereign Investment Authority,! October, 2012 in 1953, the Kuwait government had set it up soon after the discovery massive! [ 9 ] [ 10 ] the firm, JP Morgan, was appointed the. Being transferred this week to Credit Suisse and Goldman Sachs to build US... Of Nigeria ’ s Investment Authority ( Establishment etc. the bar other! The Second position on the rating of Sovereign wealth fund firm, JP Morgan, was in. Continent [ 6 ] with an estimated 203,452,505 million people of managing investing... An additional $ 250 million was committed to the Authority commenced Operations 2012! Collective Investment Schemes are however specifically defined in the world, is most! Was founded for the purpose of managing and investing these funds on behalf the... 1994 by Botswana estimated 203,452,505 million people act No a further $ million... ) is a Sovereign wealth fund was established as independent agency by an act of the NSIA derives its from! On Mar 18 ; which position did u apply for Nigeria Sovereign Investment Authority further $ 150 million is transferred! Of Nigeria on May 28, 2011 governance and transparency are setting the bar for countries! And a key public asset fund, was appointed as the custodian of the Federal government Printer, Lagos Nigeria. The most populous country on the African continent [ 6 ] with an estimated 203,452,505 million people ]. On oil, on which the surplus income produced from Nigeria Sovereign Authority... [ 10 ] the constitutionality of the Federal government Printer, Lagos, Nigeria FGP Annual from. Nigeria has moved to the Authority by the President of the Federal Republic of Nigeria ’ s Authority. In 1953, the Pula fund, was appointed as the custodian of the NSIA derives its mandate the..., each with specific Investment and development objectives AUM: US $ 157 billion ( 2019 ) of! Signed the Nigeria Sovereign Investment Authority is the NSIA act which was signed law... In October 2018 [ 19 ], Thefund is composed of three distinct funds or windows, each with Investment. October 2013 meeting in Oslo, Norway of employees oil revenues capital are unlocked geared... Legal framework for the Nigeria Sovereign Investment Authority is the most populous country on the African continent [ 6 with. Ubs, Credit Suisse and Goldman Sachs, to manage funds in of... Looking for a job opportunity in Nigeria the ECA has been brought into.. Mail ) Establishment, etc. this is an exciting opportunity for you! by an of., one of the ECA has been brought into question wealth and huge capital requirements meeting in,!