Created the Nigeria Sovereign Investment Authority to manage the country's sovereign wealth fund from excess oil revenues.
The NSIA Act 2011 established the Nigeria Sovereign Investment Authority to manage Nigeria's sovereign wealth fund, seeded initially with US$1bn. It creates three ring-fenced funds — the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund — with a defined governance and investment mandate, moving beyond the discretionary Excess Crude Account.