NSIA transitioning from funds management company to assets management outfit, announces MD/CEO, Orji
On abandoned power plants dotting parts of the country, the NSIA CEO said they would be looked into with a view to maximizing profit from the projects on completion
In a bid to expand its business frontiers, the Nigeria Sovereign Investment Authority (NSIA) has been repositioned to transition from a fund management company to an assets management outfit.
To actualize its new portfolio, NSIA said it is looking into managing government assets in any part of the world.
The Managing Director/CEO of NSIA also known as the “Authority’’, Mr Uche Orji disclosed this while addressing newsmen during a virtual report performance on Tuesday in Abuja.
“NSIA is transitioning from a funds management company into an assets management company. What do l mean by that? We are hoping to engage the government on the assets that we can manage on their behalf.
“I believe that my colleagues have shown a lot of credibility in assets management if you look at the things we have done and programmes we have run,’’ Persecondnews quotes Orji as saying.
On abandoned power plants dotting parts of the country, the NSIA CEO said they would be looked into with a view to maximizing profit from the projects on completion.
He said:“ There are quite a number of thungs that can be opportunities for NSIA to expand its foot prints and grow its assets.
“Power plants for example, there are one ot two power plants that have been almost near completed but have been abandoned.
“We are now engaging to take over , finish those power plants, run them then create value and that value comes back to NSIA.’’