NSIA Allocates 50% of Investments to Infrastructure Fund Considers raising fresh capital for sector in 2020
Nume Ekeghe The Nigeria Sovereign Investment Authority (NSIA) has changed its fund allocation strategy such that the Nigeria
Infrastructure Fund (NIF), which used to be allocated 40 per cent of funds under its management, will now get 50 per cent share. The Managing Director/
Chief Executive Officer, NSIA, Mr. Uche Orji, unfolded the new funding pattern yesterday while featuring on the ‘Morning Show,’ a breakfast programme on
Arise Television, the sister broadcast arm of THISDAY Newspapers. However, while the allocation to the NSIA’s Stabilisation Fund remains
unchanged at 20 per cent, allocation to the Future Generation Fund (FGF) was lowered from 40 per cent to 30 per cent. The implication of this
is that 50 per cent of the $250 million the National Economic Council (NEC) recently approved for the Continued on page 8
Again, Buhari Calls for Special Crimes Courts... Page 5 Tuesday 26 November, 2019 Vol 24. No 8996. Price: N250
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See Special Reports on Policing Nigeria in the 21st Century... Pages 15, 18 & 19
Concerns Mount over Constitutionality of Police Command Appointments North-west tops list with 12 CPs, South-east gets one in contravention of federal character principle enshrined in S14 (3) of 1999 Constitution as amended Abia, 13 others have none PSC pushes for implementation of policy on balance, equality of states Kingsley Nwezeh in Abuja There are mounting concerns over the constitutionality of appointment of Commissioners of Police (CPs) to the 36 states of the federation and the Federal Capital Territory (FCT). While some states have more than three CPs heading state police commands, many others
have none contrary to the provision of Section 14 (3) of the Constitution as amended, which forbids domination of one section of the country by the other. It states: “The composition of the Government of the Federation or any of its Continued on page 8
FG Investigating Alleged Turkish Support for Boko Haram, Says DHQ Kingsley Nwezeh in Abuja A report that Turkey is supplying sophisticated weapons to Nigeria’s terror group, Boko Haram, is receiving attention at very high strategic level of the federal government, the Defence Headquarters told THISDAY yesterday. Egyptian Television, Ten.tv,
cited by CBN News Channel, had recently reported that Turkey was a major supplier of arms to Boko Haram even as Turkish Airlines had also been accused in the past of shipping arms to Nigeria. Saying the reported supply of arms to Boko Haram by Turkey was a serious national Continued on page 8
FIFTY HEARTY CHEERS... L-R: President, Dangote Group, Alhaji Aliko Dangote; husband of the celebrant and CEO Skymit Motors, Mr. Tayo Ayeni; celebrant, Mrs. Adetutu Ayeni; Ogun State Governor, Prince Dapo Abiodun; and Speaker, House of Representatives, Hon. Femi Gbajabiamila, at the 50th birthday party for Adetutu in Lagos...recently mubo peters
Six Arrested over Killing of Kogi PDP Women Leader... Page 5