The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Uchechi Orji, has been re-appointed by President Muhammadu Buhari for another term of five years.

This reappointment was made known on Thursday, in a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina.

According to the statement, Orji, who has been serving in that position since October 2012 for an initial term of five years, renewable for another term of five years, was reappointed by the president following his achievement at the Government Agency during his first term.

Adesina stated that under Orji’s leadership, the NSIA had made remarkable strides, and its assets now stand at over $2 billion, which is invested in Nigerian Infrastructure, Economic Stabilization and Future Generation Funds. The Presidential aide disclosed that in line with Section 16(2) of the NSIA Act, the National Economic Council had, in July, 2017, endorsed the renewal of Orji’s appointment, given his performance in the first term.

The statement added that the president also approved the nomination of Professor Isa Hayatu Chiroma from Adamawa State as the Director General of the Nigerian Law School. Chiroma, a Professor of Law who is currently the Deputy Director in charge of the Yola Campus of the Nigerian Law School, will succeed Mr Olanrewaju Onadeko, who is due for retirement.