Nigeria, April 9 -- The disbursement of $150 million (about N52.5 billion) from the Stabilisation Fund to augment the monthly statutory Federation Account allocation to the three tiers of government would not take more than 72 hours of the request, the Nigerian Sovereign Investment Authority (NSIA) said on Wednesday.

The Managing Director of the agency, Uche Orji, told PREMIUM TIMES in an exclusive interview in Abuja that the NSIA does not require more than three days to make the money available to government to meet that emergency.

"The Federal Government is not asking us (NSIA) to make the money available now, but in June. But, the beauty of our system is that even if the government needed the money urgently, all that we will require ...