Author name: 8rdmh

The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), Nigeria’s sovereign wealth fund, and Vitol have completed a joint venture (“JV”) agreement to invest in a range of carbon avoidance and removals projects and are in the process of reaching a final investment decision on the first projects.

The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth fund, today announces its audited results for the 2022 financial year. The financial performance underscores the resilience of the NSIA’s investment strategy and the quality of its earnings, notwithstanding the challenging macroeconomic environment.

NSIA launched an innovation prize with a total prize value of US$255,000 to be awarded as a combination of cash and equity investment in the underlying businesses of the winners.

NSIA has completed the development and construction of a 10MW solar farm in the Kumbotso Local Government Area (LGA) of Kano on behalf of the Federal Government of Nigeria, the Kano State Government, and Kumbotso Local Government Area.

The Nigerian Sovereign Investment Authority will on Saturday, December 10 this year, launch the maiden edition of the NSIA Prize for Innovation programme (NPI).

President Muhammadu Buhari, has appointed three Executive members to the Board of the NSIA. The new appointees are Mr. Aminu Umar-Sadiq, Mr. Kolawole Owodunni and Mrs. Olubisi Makoju.

Today, the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osibajo commissioned the Pandagric Novum, a state-of-the-art farm located in Nasarawa State. The project is backed by the Nigeria Sovereign Investment Authority (NSIA), the premier investment institution of the federation, and Signature Agri Investments  Signature), an investment portfolio agency based in The Netherlands and Managers of the Old Mutual Agri Fund

The Nigerian Sovereign Investment Authority (“NSIA” or “the Authority”), today entered into agreements with three (3) State Governments and five (5) Federal Tertiary Hospitals under the first phase of its healthcare expansion programme. The Authority, through its wholly-owned subsidiary, the NSIA Healthcare Development and Investment Company (“NHDIC”) has entered into collocation agreements with eight (8) partners in total. Specifically, NHDIC has signed Lease and Collaboration agreements with the eight identified partners.

The Nigeria Sovereign Investment Authority (“NSIA”), Nigeria’s sovereign wealth fund, has received an “Aaa” rating from Agusto & Co. (“Agusto”), Nigeria’s foremost rating agency. The grade, which is NSIA’s first credit rating, affirms that the Authority’s outlook is stable.