Buhari Re-appoints Uchechi Orji For Raising Sovereign Wealth Fund To Over $2bn

SAN FRANCISCO, October 12, (THEWILL) – President Muhammadu Buhari has re-appointed Mr. Uchechi N. Orji as the Managing Director of the Nigeria Sovereign Investment Authority, NSIA.

Orji was first appointed in October 2012 for an initial term of five years, renewable for another term of five years.

Under his leadership, the NSIA recorded remarkable strides, as its assets now stand at over $2bn, which is invested in Nigerian Infrastructure, Economic Stabilization and Future Generation Funds.

In line with Section 16(2) of the NSIA Act, the National Economic Council had in July, this year, endorsed the renewal of Orji’s appointment, given his performance in the first term.

Buhari, according to a statement issued by his Special Adviser on Media and Publicity, Femi Adesina, also approved the nomination of Prof. Isa Hayatu Chiroma as the Director-General of the Nigerian Law School.

The Adamawa-born Chiroma will succeed Olanrewaju Onadeko, who is due for retirement.

Chiroma is a Professor of Law, and currently the Deputy Director in charge of the Yola Campus of the Nigerian Law School.

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