The Nigeria Sovereign Investment Authority (NSIA) has said the removal of petrol subsidy will boost the amount of cash available to the nation’s sovereign wealth fund as it expects to receive $100 million to $200 million this year from the government, says a statement by Reuters.
During a panel at the Sovereign Wealth Fund Institute conference in London Wednesday, Kola Owodunni, chief investment officer, NSIA said that the move would help bolster NSIA finances by allowing more oil revenue to reach the government.
