Nigeria: NSIA's Assets Grow to N617.7 Billion

Abuja — One of the major investment targets this financial year by the Nigeria Sovereign Investment Authority (NSIA), managers of the nation's sovereign wealth fund (SWF), is gas commercialisation, which is being given a boost with a 16 per cent growth in net value to over N617.7 billion.

With Nigeria now being commonly referred to more as a gas province than oil, with proven reserves estimated in excess of 199 trillion cubic feet, which remain largely untapped due to dearth of gas gathering infrastructure and paucity of funds, the Federal Government is willing to offer incentives for its gas monetisation drive.

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