The Nigeria Sovereign Investment Authority is an investment institution of the federal government with the mandate to drive 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.
Below are highlights of @nsia_nigeria performance for the year 2020:
- Recorded 343% growth in Total Comprehensive Income to N160.06 billion in 2020 (previous year: N36.15 billion).
- Achieved 33% growth in Net Assets to N772.75 billion (previous year: N579.54 billion).
- Received US$311 million from funds recovered from #AbachaLoot for deployment towards the Presidential Infrastructure Development Fund (PIDF) projects of Abuja-Kaduna-Kano Highway, Lagos Ibadan Expressway and Second Niger Bridge.
- Acquired and distributed oxygen concentrators to the 21-teaching hospital as part of its corporate social responsibility.
This is what you need to know about Nigeria’s Digital Switchover #DSObyNBC.
- Phase 1 of the DSO started with a pilot programme in Jos, Plateau State, on 30 April 2016.
Thereafter, it proceeded to Federal Capital Territory on Dec. 22nd 2016; Kwara State on Dec. 20 2017; Kaduna State on Dec. 22nd 2017; Enugu State on February 12th 2018 and Osun State on February, 23rd 2018.
- Phase 2 of the DSO rollout will cover additional 13 states across the country this year; Lagos state on April 29th(today); Kano State on June 3rd; Rivers on July 8th; Yobe on...
ANNOUNCEMENT: The Federal Executive Council (FEC) today approved the National Poverty Reduction with Growth Strategy (NPRGS): A strategy for accelerated reduction in poverty through economic growth, redistributive (i.e. Social Protection) programs and shared prosperity.
We have well over 13,000km of federal roads under repair, rehabilitation and reconstruction. There is a road project in every state, there is housing or civil work in every state. Minister of @FMWHNIG, @tundefashola.
We have completed over 4,000km of roads out of those 13,000km and we are adding more and planning to complete more.
Through the Zonal Intervention Programme, we are in hundreds of communities, we have deliver thousands of programmes based on request by parliamentarians; thousands of street lights especially solar and borehole projects to people who had to go to rivers in search of clean water.
Highway Development Management Initiative (HDMI): All You Need To Know
HDMI is an effort of the FG to mobilize private capacity, resources, and entrepreneurship into the Nigerian highway sector; and convert roads from just social assets into assets of commercial opportunities.
HDMI is made up of 2 categories namely the Value-added Concessions (VAC) and the Unbundled Assets Approvals (UAA):
UAA provides opportunity for small businesses to take advantage of the commercial opportunities that are available along...
... the Right-Of-Way;
Under the VAC the road pavement and entire right of way is concessioned for development and management by the concessionaire. #GovtAtWorkNG
-Established 3 public specialized Universities, along with 6 Polytechnics & 6 Federal Colleges of Education across the 6 geo-political zones
-Licensed 4 Private Universities, 9 Polytechnics & 14 Colleges of Education as well as other allied institutions
The 6 new Federal Polytechnics established by the Federal Government in 2020 are located in Kaltungo, Gombe State; Ayede in Oyo State; Daura in Katsina State; Shendam in Plateau State; Ohodo in Enugu State, and Ugep in Cross River State.
The 6 new Federal Colleges of Education are located in Odugbo, Benue State; Isu, Ebonyi State; Ekiadolor, Edo State; Gidan Madi, Sokoto State; Jama’are, Bauchi State, and Iwo in Osun State.
Today Nigeria marks #ArmedForcesRemembranceDay. We remember and honour the men and women of the Armed Forces who have paid the supreme price to safeguard the peace, security and stability of our country.
We also commemorate the operational successes of our Armed Forces in the fight against terrorism, banditry and all forms of criminality. We owe the progress being made to their unceasing gallantry and sacrifice on behalf of all of us. #ArmedForcesRemembranceDay