Nigerian Sovereign Investment Authority Act, 2011 🇳🇬

Nigeria

Nigerian Sovereign Investment Authority Act, 2011

Published in Federal Republic of Nigeria Official Gazette on 3 June 2011
Assented to on 26 May 2011
Commenced on 26 May 2011
[This is the version of this document from 3 June 2011.]

AN ACT TO ESTABLISH THE NIGERIAN SOVEREIGN INVESTMENT AUTHORITY TO RECEIVE, MANAGE AND INVEST IN A DIVERSIFIED PORTFOLIO OF MEDIUM AND LONG-TERM REVENUE OF THE FEDEREL GOVERNMENT, STATE GOVERNMENT, FEDERAL CAPITAL TERRITORY, LOCAL GOVERNMENT AND AREA COUNCILS TO PREPARE FOR THE EVENTUAL DEPLETION OF NIGERIA'S HYDROCARBON RESOURCES FOR THE DEVELOPMENT OF CRITICAL INFRASTRUCTURE IN NIGERIA THAT WILL ATTRACT AND SUPPORT FOREIGN INVESTMENT, ECONOMIC DIVERSIFICATION, GROWTH AND JOB CREATION IN NIGERIA; AND FOR RELATED MATTERS.

ENACTED by the National Assembly of the Federal Republic of Nigeria as follows-

Part I – ESTABLISHMENT, FUNCTIONS, POWERS ETC. OF THE NIGERIA SOVEREIGN INVESTMENT AUTHORITY

1. Establishment of the Nigeria Sovereign Investment Authority

(1)There is …

Read the Full Legislation on judy.legal

Access annotations, citing cases, and more legal research tools.

Open in judy.legal