SWF: NSIA BOARD APPROVES INVESTMENT ALLOCATION FORMULA

• GOVERNANCE STRUCTURE RECEIVES INTERNATIONAL ENDORSEMENT FOR BEST PRACTICES

For its initial portfolio of investments, the Board of the NSIA has approved an investment allocation formula to the three Funds that make up the SWF - the Future Generations Fund, the Nigeria Infrastructure Fund and the Stabilization Fund.

 According to the new guideline, the Future Generations Fund and the Nigeria Infrastructure Fund will each get 32.5% while the Stabilization Fund will receive 20%.
The remaining 15% will be kept as unallocated for now, and used to top up each of the ring-fenced funds, as opportunities arise.

Read more: Nigeria Sovereign Investment Authority

The Graduate Internship Scheme (GIS) was launched in October, 2012 to create opportunity for graduates to be attached to firms /organizations, where they can work for a year and enjoy a monthly stipend of N18,000. Such interns can use the opportunity to gain working experience and enhance their employability.

The project has commenced registration of such firms and over 84,000 beneficiaries have been registered. This is beyond the threshold of 50,000 allotted for the scheme in any given year. Deployment of such beneficiaries has commenced.

YouWiN! Women is the second edition of the entrepreneurial scheme which is designed for only female entrepreneurs aged 45 years or less.The objective is to create thousands of jobs by helping winners to strengthen and expand existing businesses as well as turn innovative ideas into solid businesses.

YouWIN! stands for Youth Enterprise with Innovation in Nigeria. It is an innovative business plan competition aimed at job creation by encouraging and supporting aspiring entrepreneurial youth in Nigeria to develop and execute business ideas. 

What's YouWiN!  |   YouWiN Women! Provisional Result Out