The Federal Government of Nigeria has appointed 23 fund managers to oversee the $10 billion Nigeria Global Investment Fund (NGIF).
This initiative is a major part of the country’s strategy to attract both international and domestic investments into critical sectors of the Nigerian economy.
These sectors include agriculture, manufacturing, energy, infrastructure, and fintech.
According to a document made available to newsmen, the NGIF is a cornerstone of Nigeria’s broader industrial revitalization strategy, orchestrated by the Federal Ministry of Industry, Trade, and Investment.
The fund aims to diversify the nation’s economy by reducing its reliance on oil revenues and promoting sustainable, inclusive economic growth.
The NGIF operates as an umbrella entity, comprising a series of sub-funds, each dedicated to vital sectors of Nigeria’s development.
This structure ensures that investments are directed towards impactful projects that align with the country’s long-term…