About Us
NSIA represents a new era of fiscal discipline.
The NSIA is a signatory to the Santiago Principles of the International Monetary Fund (IMF) / International Forum of Sovereign Wealth Funds(IFSWF), which are a set of 24 voluntary guidelines that assign best practices for the operations of Sovereign Wealth Funds(SWF) including transparency and governance.
The NSIA, Nigeria Sovereign Investment Authority, derives its mandate from the NSIA Act which was signed into law in May 2011. It empowers the Authority to receive, manage and invest funds in a diversified portfolio of medium and long term assets on behalf of the Federal Government, State Governments, Federal Capital Territory, and Local Governments Area Councils in preparation for the eventual depletion of Nigeria’s hydrocarbon resources. To give effect to the mandates, the NSIA established three main funds: the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund.
The role of the Stabilisation Fund is to provide budget support in times of economic stress; the Future Generations Fund is an inter-generational savings fund for future generations of Nigerians while the Nigeria Infrastructure Fund is to invest in domestic infrastructure.
The Nigeria Sovereign Investment Authority commenced operations in 2012, with the inauguration of the Board of Directors on 9th October, 2012. After a series of start-up challenges, the NSIA began investment activities in the 3rd quarter of 2013, with a seed capital of US$1 billion.
A further net core contribution of US$600m has been injected to the NSIA since 2016. This came in three tranches of US$250m in 2016, 2018 and 2020 respectively while the sum of US$150million was withdrawn from the Stabilisation Fund to augment government’s budget at the height of the covid-19 pandemic.
Corporate Philosophy
Mission
To drive economic growth through strategic investments for the benefit of all Nigerians.
Vision
To position NSIA as a leading sovereign wealth fund globally, promoting responsible and strategic investments for Nigeria’s economic development.
Values
Integrity
We are unwavering in our adherence to the tenets of probity, character, and accountability in all our undertakings.
Excellence
We aspire to continuously deliver the highest quality of results, setting high standards, and exceeding expectations.
Transparency
We are open and honest in our relations with stakeholders.
Discipline
We conscientiously apply ourselves in all we do within the ambit of our Act.
Innovation
We improve our ability to think outside the box to drive continuous improvement and find solutions to difficult situations.
Funds
Why we invest
01
To build a savings base for the Nigerian people
NSIA invests with the aim of building wealth and providing a sound financial foundation on which the Federation can formulate ambitious development and diversification objectives. NSIA serves to invest the savings gained on the difference between the budgeted and actual market prices for sale of oil to earn returns that would benefit future generations of Nigerians.
02
To enhance the development of Nigerian infrastructure
03
To provide stabilisation support in times of economic stress.
NSIA invests to help protect Nigeria’s economy from external shocks. To perform this role effectively, we invest in assets that enable capital preservation and modest returns. Our goal in managing the stabilisation fund is to provide a safety net against budgetary deficits brought about by drops in oil prices below budgetary benchmark as well as other budgetary constraints. We convert revenue generated from sale of crude oil into income that can be used to stabilise fiscal budgets over commodity cycles. We serve to reduce the effects of volatile revenues from oil on the government and economy of Nigeria.
Governance
Third Board of Directors
Management Team
