Press Release

NSIA, Ogun State Government & InVivo Sign Letter of Intent for Land Restoration Project

July 3, 2018 –

Abuja –The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), managers of Nigeria’s sovereign wealth fund, in partnership with the Ogun State Government (Ogun State) and the InVivo Foundation, the endowment fund of the InVivo Group, France's leading agricultural cooperative, have signed a Letter of Intent (“LOI”) to spearhead investments in reforestation and land restoration projects in Imeko and Aworo Forest and Game Reserves in Ogun State. Signed during a state visit by President Emmanuel Macron of France to President Muhammadu Buhari in Nigeria, the LOI will enable direct investment in Land Degradation Neutrality and Waste to Energy projects in Ogun State.

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NSIA wins International Awards for Infrastructure Investment

June 20, 2018 –

Abuja -The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), managers of Nigeria’s sovereign wealth fund, has won the 2018 Africa Investor (Ai) award for Sovereign Wealth Fund Infrastructure Investment Initiative, a second win for the Authority in this category having emerged winner of the same award in 2016. The organizer’s cited the Authority’s incubation and co-creation of Africa’s first infrastructure credit enhancement company called the Infrastructure Credit Guarantee Company Ltd (InfraCredit) as the factor that tipped the scale in NSIA’s favour. 

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NSIA Announces Audited Financial Result for 2017 Financial Year

June 8, 2018 –

Abuja, Nigeria - The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth funds, today announced its audited results for 2017, reflecting the Fund’s fiscal position and investment activities for the year.

Highlights of NSIA’s activities and performance during the period are as follows: 

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NEC Approves $650M Seed Funding as FG Establishes Presidential Infrastructure Development Fund

May 17, 2018 –

President Muhammadu Buhari has approved the establishment of a Presidential Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Sovereign Investment Authority (NSIA), and invested specifically in critical road and power projects across the country.

The National Economic Council (NEC) has also, today, May 17, 2018, authorised the initial transfer of $650 million dollars to the NSIA from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account, as seed funding for PIDF.

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NSIA Invests in Smallholder Framers through Babban Gona Franchise Model

March 23, 2018 –

The Board of Directors of the NSIA, led by the Chairman, Mr. Jide Zeitlin and the Managing Director, Mr. Uche Orji today signed an agreement for the investment of US$5.0 million in Babban Gona (“BG” or the “Company”), a high impact, scalable agricultural franchise that focuses on smallholder farmers. The signing was executed with the representatives of Babban Gona, led by HRH Mallam Sanusi Lamido Sanusi, the Emir of Kano and Chairman, BG and, Mr. Kola Masha, Managing Director of Babban Gona.

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