As of year-ended December 31, 2017, highlights of NSIA's performance and activities are as follows:
- Total comprehensive income (including the impact of foreign exchange gains) of N27.93 billion (previous year: N149.83 billion).
- Total comprehensive income (excluding the impact of foreign exchange gains) of N26.28 billion (previous year: N46.24 billion).
- Total Assets recorded a growth of 27% to N533.88 billion at year end (previous year: N 420.93 billion):
- 68% of asset growth attributed to National Economic Council (NEC) Contribution: Additional $250 million allocated by NEC at the 2016 Governing Council Meeting received in Q3 2017.
- Return on Capital Employed (ROCE) on the core funds:
- Stabilisation Fund: 5.17%.
- Future Generations Fund: 6.05%
- Nigeria Infrastructure Fund: 3.50%
- Rapid deployment of funds into infrastructure projects specifically in agriculture, healthcare, education and infrastructure enabling financial institutions:
- InfraCredit: fully operational with capital injection of $25 million
- Presidential Fertiliser Initiative: NAIC-NPK Ltd a wholly owned NSIA subsidiary produced 8 million bags of fertiliser with equivalent of 2 million bags carried over as inventory; over $100 million capital injection.
- Novum Farms: Committed $25 million to UFF-NSIA fund co-sponsored by Old Mutual for an integrated farm in Nassarawa.
- Bridge International Academies Limited: Committed $5million to deliver affordable quality primary education to lower-income families.
- Other projects in the pipeline include the development of the Nigeria Commodity Exchange (NCX), Customers Single Window (CSW) and Healthcare Projects for which development expenses have been incurred.
- Assets under management:
- NSIA core capital- $1.5 billion.
- Other 3rd party managed funds- $511.4 million comprised of:
- NBET - $350 million ($390.45 - Fair value 31 Dec 2017)
- DMO - $100 million ($120.95 million - Fair value 31 Dec 2017)
- Within the period, the Authority's $1.50 billion capital was allocated thus:
- $300 million Stabilisation Fund
- $600 million Nigeria Infrastructure Fund<
- $600 million Future Generations Fund
In June 2018, an additional US$650 million was transferred to the NSIA for the Presidential Infrastructure Fund. This is over and above normal contributions as it is characterized by specific investment mandates for 4 road projects and 1 power project, all of which are of national significance.
Key Sector focus/priority sectors for infrastructure interventions remain.
- Motorways / Roads
- Power/Gas to Power
1ROCE is based on the Audited Financial Statement as presented in Naira