
Funding
Future focused economic development funding

The Governing Council approves all fund contributions to the NSIA to enable growth of Nigeria’s Sovereign Wealth Fund (SWF). For accountability and equity, each tranche of funds received by the Authority is vetted by the Accountant General of the Federation (AGF).
In doing this, the AGF also breaks down and apportions the funds by capital contribution to the federating units of Nigeria using the Federation’s Revenue Allocation Formula (as approved by Revenue Mobilization And Fiscal Commission (RMAFC).
The contributions/funding schedule to date is provided below for both direct contributions and managed funds
Direct Contributions
Contribution
$250 million
Transfer Date
20-Apr-2020
Capital Allocation | |
SF: US$50 million |
Approving Authority | |
National Economic Council |
Source | |
Excess Crude Account (ECA) |
Allocation Formula | |
Federal Gov’t: 52.68% |
Contribution
$250 million
Transfer Date
18-Jul-2017
Capital Allocation | |
SF: US$50 million |
Approving Authority | |
National Economic Council |
Source | |
Excess Crude Account (ECA) |
Allocation Formula | |
Federal Gov’t: 52.68% |
Contribution
$250 million
Transfer Date
15-Jan-2016
Capital Allocation | |
SF: US$50 million |
Approving Authority | |
National Economic Council |
Source | |
NLNG Dividend |
Allocation Formula | |
Federal Gov’t: 52.68% |
Contribution
US$1 billion
Transfer Date
04-Feb-2013
Capital Allocation | |
SF: US$200 million |
Approving Authority | |
National Economic Council |
source | |
Excess Crude |
Allocation Formula | |
Federal Gov’t: 52.68% |
PIDF – Managed Funds
Contribution
₦163 billion
Transfer Date
11-Aug-21
Capital Allocation | |
PIDF V: ₦163 billion |
Approving Authority | |
Presidency (PIDF) |
Source | |
Infracorp |
Contribution
$169.5 million
Transfer Date
23-Apr-21
Capital Allocation | |
PIDF IV: $169.5 million |
Approving Authority | |
Presidency (PIDF) |
Source | |
NNPC /NLNG 1st Tranche |
Contribution
US$311.8 million
Transfer Date
13-May-20
Capital Allocation | |
PIDF III: US$311.8 million |
Approving Authority | |
Presidency (PIDF) |
Source | |
Abacha Recovered Asset |
Contribution
₦70.3 billion
Transfer Date
30-Sep-19
Capital Allocation | |
PIDF II: On July 21, 2020, ₦19.67 billion earmarked for the East West Road was returned to the Federal Ministry of Finance, Budget and National Planning, for onward remittal to Federal Ministry of Niger Delta Affairs, leaving a balance of ₦70.33 billion to be put towards the ongoing projects. |
Approving Authority | |
Presidency (PIDF) |
Source | |
2018 Budgetary Allocation |
Contribution | |
₦90 billion (Reduced to Net Sum of ₦70.3 billion for deployment to the ongoing projects) |
Contribution
US$650 million
Transfer Date
7-Jun-18
Capital Allocation | |
PIDF I: US$650 million |
Approving Authority | |
Presidency (PIDF) |
Source | |
Presidency |
DMO – Managed Funds
Contribution
$200m
Transfer Date
Capital Allocation | |
$200m |
Approving Authority | |
Presidency |
Source | |
FGN Eurobonds 2018, |
Allocation Formula | |
N/A |