ENACTED by the National Assembly of the Federal Republic of Nigeria: PART I – ESTABLISHMENT, FUNCTIONS, POWERS ETC OF THE NIGERIA SOVEREIGN INVESTMENT AUTHORITY. The Nigeria Sovereign Investment Authority is recruiting to fill the following positions: 1.) This fund has one major national objective; to invest the savings gained on the difference between the budgeted and actual market prices for oil to earn returns that would benefit future generations of Nigerians. Sovereign wealth fund: Industry: Institutional investor: Founded: 2011: Headquarters: Abuja, Nigeria. Nigeria officially joined the global SWF fraternity in May 2011 when Nigeria’s President Goodluck Jonathan signed into law the Nigeria Sovereign Investment Authority Act of 2011. Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. Integration of investment policy with national priorities, Reinvestment of Nigeria Infrastructure Fund, proceeds, interest and dividends. geria’s sovereign wealth fund (SWF) which was established in August 2012, pursuant to the Nigeria Sovereign Investment Authority (Establish-ment etc) Act 2011 (the NSIA Act). bill into law, creating the NSIA and authorizing the establishment of the three ring-fenced funds which are jointly owned by the three tiers of Government. Please check back later. The action of the Senate was sequel to “A Bill for an Act to amend Allocation of Revenue (Federation Account, Etc.) Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. On 27 May 2011, the President signed the Nigeria Sovereign Investment Authority (Establishment etc.) Women are strongly encouraged to apply for any of the positions on offer. (1)    There is established the Nigeria Sovereign Investment Authority (in this Act referred to as ‘”the Authority”). It was established as independent agency by an Act of the National Assembly in May 2011. (2) The Authority : (a) shall be a body corporate with perpetual succession and a common seal ; … The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) The Nigeria Sovereign Investment Authority ("NSIA", a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) The legal framework for the Nigeria Sovereign Investment Authority (NSIA) is the NSIA Act 2011. The fund commenced operations in October 2012 . Act 2011 is remitted to mange funds in extra of budgeted hydrocarbon revenues. Obtain real time information on leading Commodities, Currency and Equities Markets. Then, this is an exciting opportunity for you!! Nigeria Sovereign Investment Authority (NSIA) recruitment 2018 - The Nigeria Sovereign Investment Authority ("NSIA"), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Join us on Telegram The Nigeria Sovereign Investment Authority (NSIA) seeks to recruit exceptional, highly motivated and energetic talents who … So keeping them safe, healthy and engaged is our top priority. Act 2011 is mandated to manage funds in excess of budgeted hydrocarbon revenues. Restriction on execution against property of the Authority. It was established as independent agency by an Act of the National Assembly in May 2011. that future generations of Nigerians enjoy the benefits of the resource. ONLINE COPY OF THIS LAW IS FREE. NSIA was established by an act of the National Assembly in May 2011. It is intend… The bill was assented to by the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan on May 26, 2011 and subsequently gazette on June 3, 2011. Reinvestment of future generation funds proceeds, interest and dividends. Nigeria's SWF was brought into law in 2011 via the Nigeria Sovereign Investment Authority Act [4] [12] by President Goodluck Jonathan and is expected to replace the ECA. The Nigeria Sovereign Investment Authority ("NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria. Act 2011, is mandated to manage funds in excess of budgeted hydrocarbon revenues. THE Senate has began plans to place the Nigerian Sovereign Investment Authority (NSIA) on a 20 per cent first line charge from all revenues accruable to the Federation Account. Nigeria Sovereign Investment Authority (NSIA) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. It was established by Nigeria Sovereign Investment Authority Act, May 2011. Act 2011 is mandated to manage funds in excess of budgeted hydrocarbon revenues. NSIA maintains a consistent growth trajectory and has remained profitable. joberplanet:. Act Cap A … Act 2011 is mandated to manage funds in excess of budgeted hydrocarbon revenues. As at the end of 2013, all capital had been deployed in accordance with the allocation to three managers: UBS (US Treasury mandate), Goldman Sachs and Credit Suisse (Corporate Bond mandates). It was established as independent agency by an act of the National Assembly in May 2011. NSIA Annual Report 2015 ; NSIA Annual Report 2014 ; NSIA 2012/2013 Annual Report ; NSIA Annual Report 2016 ; NSIA Annual Report 2017 ; NSIA Annual Report 2018 Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. of other staff. The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, into which the surplus income produced from Nigeria's excess oil reserves is deposited. Appointment, remuneration, discipline, etc. Nigeria officially joined the global SWF fraternity in May 2011 when Nigeria’s President Goodluck Jonathan signed into law the Nigeria Sovereign Investment Authority Act of 2011. Although Nigeria is blessed with abundant reserves of oil and gas, Nigeria has persistently suffered economic hardship as a result of the gross mismanagement of her oil revenues. It was established as independent agency by an Act of the National Assembly in May 2011. +234 706-710-2097 The NSIA employees are wholeheartedly committed to making a measurable impact through each of the Authority's mandate. The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. The paper reviews and discusses how questions on the constitutionality of a sovereign wealth fund have been dealt It was established by Nigeria Sovereign Investment Authority Act, May 2011. The legal framework for the Nigeria Sovereign Investment Authority (NSIA) is the NSIA Act 2011. Although Nigeria is blessed with abundant reserves of oil and gas, Nigeria has persistently suffered economic hardship as a result of the gross mismanagement of her oil revenues. Investment Plan for the future generations fund. The wealth fund commenced operations in October 2012 with JP Morgan appointed as the custodian of the funds and was set up by the Nigeria Sovereign Investment Authority Act, which was signed into law in May 2011. Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. Their headquarters is located at Abuja. An Act to establish the Nigeria Sovereign Investment Authority to receive, manage and invest in a diversified portfolio of medium and long-term revenue of the federal Government, State Government, Federal Capital Territory, Local Government and Area Councils to prepare for the eventual depletion of Nigeria’s bicarbon resources for the development of critical infrastructure in Nigeria that attract and support foreign investment, economic diversification, growth and creation in Nigeria; and for related matters. The NSIA Act was signed into law in May 2011 and it empowers the Authority to receive, manage and invest funds in a diversified portfolio of medium and long term assets on behalf of the Governments both at Federal, State levels as well as that of the Federal Capital Territory, and Local Governments Area Councils in preparation for the eventual depletion of Nigeria’s hydrocarbon resources. The fund commenced operations in October 2012 . Removal of members of the Governing Council, Remuneration of members of the Governing Council, Advisory sub-committee of the Governing Council, Establishment of the Board of Directors of the Authority, Qualification for appointment to the Board, Appointment of Managing Director of the Authority. The Nigeria Sovereign Investment Authority ("NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) There are no vacancies at this time. This fund has one major national objective; to invest the savings gained on the difference between the budgeted and actual market prices for oil to earn returns that would benefit future generations of Nigerians. Notes The roles are open to Nigerians within and outside the country who have completed the National Youth Service Programme. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) It is multi-segment free access center for intelligence and instruments relating to Nigeria's legal and policy circuit. [3] The act authorized the establishment of the Nigeria Sovereign Investment Authority, giving it jurisdiction over the country's excess petroleum reserves. PDF COMPENDIUM OF ALL LAWS/CATEGORIES ALSO AVAILABLE Email: lawnigeria@gmail.com and info@lawnigeria.com or Text: +234 706 710 2097, NIGERIA SOVEREIGN INVESTMENT AUTHORITY (ESTABLISHMENT, ETC.) Otherwise known as “The Authority” or “NSIA” for short, t he Nigeria Sovereign Investment Authority is an agency set up to manage funds in excess of budgeted hydrocarbon revenues of the Federation. Are you young, driven, ambitious and looking for a platform that will enhance the development of your potentials? Act 2011, is mandated to manage funds in excess of budgeted hydrocarbon revenues. Uche Orji - Managing Director & Chief Executive Officer Olajide Zeitlin - Chairman of the Board of Directors: The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. The NSIA Act can be viewed on the website. Vacancies will be hosted on this page once there is any opening in the NSIA. In an attempt to reverse this trend, the government of Nigeria established a Sovereign Wealth Fund, the Nigeria Sovereign Investment Authority (NSIA), in 2011. Apply for Nigeria Sovereign Investment Authority Graduate Trainee Recruitment 2020. Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. With a finite supply of oil and a reduction of dependence on the commodity, it is essential that we ensure The Nigeria Sovereign Investment Authority is managed by a three-member team of Executive Directors led by the Managing Director/Chief Executive Officer. By supporting the creation of an enabling environment with key infrastructure we're focused on supporting economic empowerment across Nigeria, Our focus on key sectors of of the economy is part of a strategically stumulate development in this selected sectors. The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, [4] into which the surplus income produced from Nigeria's excess oil reserves is deposited. bill into law, creating the NSIA Sovereign Investment Authority (Establishment etc.) The Nigeria Sovereign Investment Authority is the manager of Nigeria’s Sovereign Wealth Fund. bill … On 27 May 2011, the President signed the Nigeria Sovereign Investment Authority (Establishment etc.) Tree & Trees JusticeMedia Ltd © 2018, All rights reserved. “We had earlier proposed an amendment to section 162 (3) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) to provide for the inclusion of the Nigeria Sovereign … Act 2011, is mandated to manage funds in excess of budgeted hydrocarbon revenues. The Nigeria Sovereign Investment Authority is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. Act 2011, is mandated to manage funds in excess of budgeted hydrocarbon revenues. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Aspirants who look forward to applying for NSIA Procurement Officer Recruitment 2020 can go through the complete article to know more. Act 2011 is mandated to mange funds in excess of budgeted hydrocarbon revenues. The Senate Committee on Finance on Wednesday said it will amend the Nigeria Sovereign Investment Authority Act in order to widen the scope of activities of the agency. Nigeria Sovereign Investment Authority Recruitment 2020 is ongoing: This page contains detail information about Nigeria Sovereign Investment Authority massive recruitment for graduates and non-graduates in Nigeria. The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Nigeria Sovereign Investment Authority (NSIA) recruitment 2018 – The Nigeria Sovereign Investment Authority (“NSIA”), a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) | Web Design: ADMINISTRATIVE AND GOVERNMENT LAW CASES/JUDGMENTS, NIGERIAN CASES/JUDGMENTS ON ADMINISTRATIVE AND GOVERNMENT LAW, SAM-ELEANYA INDEX OF CASES/JUDGMENTS OF THE APPELLATE COURTS OF NIGERIA [60+ CATEGORIES], SAM-ELEANYA INDEX OF NIGERIAN CASES/JUDGMENTS UNDER 60+ CATEGORIES, GET TOP CASES/JUDGMENTS OF APPELLATE COURTS OF NIGERIA UNDER 60+ PRACTICE, RESEARCH AND POLICY CATEGORIES, Establishment of the Nigerian Sovereign Investment Authority, Establishment of the Governing Council of the Authority. Nigeria Sovereign Investment Authority. PDF AVAILABLE FOR N2000. 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