Investor Relations

The Nigeria Sovereign Investment Authority is an Investment institution of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. As a Fund, the NSIA invests in real and financial assets including stocks, bonds, real estate as well as alternative investments such as private equity fund or hedge funds.

NSIA’s ownership structure is comprised of all three tiers of government spanning the Federal, State and Local Government. Aside from the initial seed capital of $1 billion, the NSIA Act 2011 expressly provides for further capital contribution funded largely from the excess proceeds of crude oil sale. For each tranche of contribution, the Office of the Account General provides an apportionment schedule which details the capital distribution structure using an approved ratio.

Trn

Capital Contribution

Capital Allocation

Source

Contribution Structure

Year of Contribution

1

$1.00 bn

SF: $200 mn NIF: $400 mn FGF: $400 mn

Excess Crude Account (ECA)

FG:45.83% SG: 36.25% LGA/LCDA: 17.76% FCT: 0.16%

2013

2

$250 mn

SF: $50 mn NIF: $100 mn FGF: $100 mn

NLNG Dividend

FG:51.68% SG:26.72% LGA/LCDA: 20.41% FCT: 1.19%

2016

3

$250 mn

SF: $50 mn NIF: $100 mn FGF: $100 mn

Excess Crude Account (ECA)

FG:45.83% SG: 36.25% LGA/LCDA: 17.76% FCT: 0.16%

2017

4

$650 mn

NIF II: $650 mn (For PIDF*)

NLNG Dividend

FG:51.68% SG:26.72% LGA/LCDA: 20.41% FCT: 1.19%

2018

*PIDF is a special intervention fund designed to address 5 key infrastructure projects of national priority.

 

 

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