Finance Minister Colm Imbert says the NIF fund is a way for the government to give back to citizens.

Minister Colm Imbert explains that the government was able to recover from CLICO investment back 4 and half billion dollars worth of Republic Bank shares.

He also says part of the assets of WITCO, Angostura and OCM have been put into the NIF which was launched last week.

The offer document says priority will be given to individual applicants.