…as net assets grow from $1bn to &2.47bn

By Foster Obi

Nigeria Sovereign Investment Authority (NSIA) has witnessed an impressive performance since inception in 2013 even as its net assets leaped from N156 billion to N1.189 trillion in 2023.
A historical highlight by the managing director, Aminu Umar-Sadiq during the Authority’s 2023 earnings presentation shows that NSIA invested over $500 million in domestic infrastructure while over $1 billion was catalyzed in third-party investment.
The Authority has also experienced a robust infrastructure investment portfolio across key sectors such as Agriculture, healthcare, and power. Additionally, it has invested in over 50 percent of locally owned and run private equity (PE) funds.
The highlights show that NSIA within the period in perspective developed/co-developed over 10 institutions and platforms to improve the financial market ecosystem.
In the area of awards, the Authority garnered a high transparency ranking, scoring 9 out of 10 in the Linaburg-Maduell Transparency Index.
Also, it was voted as a leader in sustainability and the preferred green partner of choice.
It ranked joint first, scoring 100 percent in the 2023 SWF Governance, Sustainability & Resilience (GSR) rating.
It has enjoyed strategic partnerships with reputable global institutions including Vitol, OCP, Signature Agri Investments, PIDG, GuarantCo, etc.
NSIA is a member of reputable Sovereign Wealth Finance associations such as IFSWF, OPSWF, and ASIF.