The Federal Government of Nigeria has selected 23 fund managers to oversee the $10 billion Nigeria Global Investment Fund (NGIF).
This ambitious fund, according to a presentation document, intends to draw in capital from both domestic and foreign sources for vital areas of the Nigerian economy, such as manufacturing, energy, infrastructure, fintech, and agriculture.
The Federal Ministry of Industry, Trade, and Investment founded the NGIF, which is a key part of Nigeria’s industrial revitalization plan, which aims to change the country’s economic structure by lessening its excessive reliance on oil earnings.
The fund is set up as an umbrella organisation that houses several smaller funds, each devoted to a particular industry that is essential to Nigeria’s progress.
