September 18, 2025
Trump

The agency Donald Trump plans to use to create “the greatest sovereign wealth fund of them all,” committed $654 million in financing to Nigeria in fiscal 2024.

Plans discussed for the US International Development Finance Corp (DFC), include how it could use investments to deliver on Trump’s ambitions.

Backers say the agency, which stands to get as much as $120 billion in capital of its own, will be able to trigger far larger geopolitically driven overseas commitments by some of America’s most powerful institutional investors.

Advisers also see the DFC as a tool to remake how Washington delivers foreign aid and as a way to invest in strategic projects like data centers.

The incoming administration wants the agency to become a much more effective instrument to deploy US economic power, according to former officials, people close to the transition and candidates for the top job at DFC.

Sovereign wealth funds have traditionally been used by countries to invest export revenues for the benefit of their citizens. But those who talk about the DFC as a possible alternative to a US wealth fund see a tool of geopolitical influence.

Among the ideas that Trump and his transition team have discussed is using DFC to fund purchases of assets important to national security, like copper mines and critical minerals stockpiles

Setting up an American equivalent would require action by Congress.

119 thoughts on “Trump’s wealth-fund agency committed $654m to Nigeria in 2024”

  1. I have read some excellent stuff here Definitely value bookmarking for revisiting I wonder how much effort you put to make the sort of excellent informative website.

    Reply

  2. you are truly a just right webmaster The site loading speed is incredible It kind of feels that youre doing any distinctive trick In addition The contents are masterwork you have done a great activity in this matter.

    Reply

  3. Your blog is a shining example of excellence in content creation. I’m continually impressed by the depth of your knowledge and the clarity of your writing. Thank you for all that you do.

    Reply

  102. You can definitely see your skills in the work you write. The world hopes for more passionate writers such as you who aren’t afraid to say how they believe. Always go after your heart.

    Reply

  113. This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

    Reply

  114. hello there and thank you for your info – I have certainly picked up something new from right here. I did however expertise a few technical points using this web site, as I experienced to reload the web site a lot of times previous to I could get it to load correctly. I had been wondering if your web host is OK? Not that I am complaining, but slow loading instances times will often affect your placement in google and could damage your high-quality score if ads and marketing with Adwords. Well I am adding this RSS to my e-mail and can look out for much more of your respective exciting content. Ensure that you update this again very soon..

    Reply

  115. hello!,I like your writing so much! share we communicate more about your post on AOL? I need an expert on this area to solve my problem. May be that’s you! Looking forward to see you.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

ododo

Okun Youths help bandits with weapons, foods; become their girlfriends – Kogi Govt

September 17, 2025 47
DANGOTE

Our CNG drivers have life Insurance, housing earn thrice minimum wage -Dangote Refinery

September 17, 2025 4