About us
Our history
The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an investment institution of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. Its mission is to play a leading role in driving sustained economic development for the benefit of all Nigerians through building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure, providing stabilisation support in times of economic stress.
The NSIA 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.
Our Milestones
2023
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Commissioned and operationalised the Kano Solar project, a 10MW solar plan in Kumbotso, Kano State. -
Launched Carbon Vista, a carbon reduction and abatement joint venture with Vitol. -
Developed and Institutionalized an ESG framework. -
Signed a MoU with the National Council for Climate Change for climate initiatives. -
Launched the maiden edition of the Development Impact Report. -
Launched two transformative healthcare companies MedServe & EquiLease -
Received Enugu Diagnostic and Oncology Centre as the first project under the NHDIC healthcare expansion programme. -
Commissioned two of the PIDF Projects namely the Second Niger Bridge & Abuja Kano Road (Kaduna-Kano section). -
Carbon Vista, an NSIA investee company signed an MoU with Regional Voluntary Carbon Market Company (RVCMC) for the offtake of its high-integrity carbon credits. -
Completed the maiden edition of the NSIA Prize for Innovation (NPI) and announced US$255k prize money for winners.
2022
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Setup a Carbon Fund with Vitol S.A. and seeded the Fund with $50mn (Vitol $30mn, NSIA $20mn). -
Backed Kasi Cloud Ltd, mass-scale data center and digital ecosystem platform company. -
Setup an Agriculture focused Naira Fund and seeded the Fund with N10bn. -
Commenced the Healthcare Expansion Programme for 23 new centres (Oncology, Diagnostics and Cath Labs). -
Signed Agreement with Three State Governments and Five Federal Tertiary Hospitals). -
Commissioned and operationalised Project Panda. -
Inaugurated a new Executive Management Team. -
Signed MOU to invest in Africa50 Infrastructure Acceleration Fund. -
Secured First-Ever Credit Rating from Agusto and Co. (received an “Aaa” rating from Agusto & Co.). -
Co-launched the Nigeria Solidarity Support Fund. -
Launched the NSIA Prize for Innovation (NPI). -
Commenced construction of a 10MW Solar farm with partners in Kumbutso LGA, Kano State. -
Commenced construction of US$1.4million Ammonia & Di-ammonium phosphate plant with partners in Akwa Ibom State.
2021
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The third NSIA Board was Inaugurated -
The Authority invested $3.53 million in a JV agreement-OCP ammonia project (MIPL) for a US$1.4billion Ammonia Plant project. -
NSIA fully divested its NAIC-NPK holdings in September 2021. Transitioned to an upstream role in the PFI programme. -
Inclusion of Technology and ESG in NSIA’s investment sector focus areas. -
InfraCredit onboarded Leadway Assurance Company Limited as an equity shareholders. (Its first private institutional investor).
2020
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Commissioned and Operationalized Diagnostic Centers in Kano and Abia states. -
The FGN received the first withdrawal of US$150 million from the Stabilisation Fund to support the government's economic management strategy. -
Donated US$0.6 million worth of Covid-19 relief equipment to Federal Tertiary Medical Institutions across all six geo-political zones. -
Received additional capital contribution of US$250 million from NEC. -
Broadened Investment Portfolio under Private Equity to include Venture Capital (VC).
2019
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Commissioned and Operationalized US$11mn Cancer Treatment Centre co-located with the Lagos University Teaching Hospital. -
Completed construction and pre-operational activities on US$11mn diagnostic centres in Kano and Abia. -
Commenced deployment of US$650 mn in Presidential Infrastructure Development Fund projects. -
Commenced development of a 10MW solar power plant in Kano State; the largest solar power plant in West Africa.
2018
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Commenced the formation and operationalization of the Presidential Infrastructure Development Fund (PIDF). -
Begins development on ammonia plant with OCP Group of Morocco. -
Invested US$25 mn in Project Panda, an agriculture project north of Abuja. -
Invests US$5.0 mn Babban Gona: in smallholder farmer in norther Nigeria. -
Returned US$417.46 mn to the Nigeria Bulk Electricity Trader (NBET) of US$67.46 mn over a 4-year term.
2017
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2nd NSIA Board Inaugurated -
Partnered with GuarantCo. (PIDG) to establish InfraCredit -
Additional US$250 million capital injection, as committed by NEC. -
Over 8million bags of NPK 20:10:10 produced -
Invested in Bridge International Academies Ltd, in Education sector -
Invested in Chapel Hill Denham Fund (NIDF)/td>
2016
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Commenced Presidential Fertiliser Initiative via NAIC-NPK Ltd. -
MoU with Ithmar Capital Morocco for strategic investments in key sectors of the Nigerian economy. -
US$200 million Agriculture Fund with UFF Agri Fund of South Africa. -
US$500 million Real Estate Fund with Old Mutual Africa Property Management Company of South Africa. -
Approval to invest in pre-privatisation phase of the Nigeria Commodities Exchange.
2015
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New mandate from FGN to manage 25% of funds accruing to the FGN’s Stabilisation Accounts. -
Signed MoU with Ogun State Govt. and Lafarge Africa Plc to undertake Ogun State Reforestation PPP -
1st Governing Council (GC) meeting with the National Economic Council (NEC). Additional US$250 mn capital approved for allocation to NSIA. -
Completed Early Works & negotiation of Concession Agreement for 2nd Niger Bridge
2014
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Commenced 2nd Niger Bridge Project. -
FGN injects US$550 mn into NSIA to be managed on behalf of NBET and DMO. -
NSIA invested US$100 mn in Savannah Petroleum (Formerly Seven Energy) -
NSIA’s healthcare subsidiary, signs MoC with six Federal healthcare institutions across country.
2012/2013
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1st NSIA Board Inaugurated -
Africa Finance Corporation & General Electric MoU signings. -
Established NMRC in a partnership with FMOF, CBN, Federal Ministry of Lands & Urban Development & Housing, and the World Bank/IFC -
Invested in Fund for Agricultural Finance in Nigeria (FAFIN) with the Nigerian Federal Ministry of Agriculture and Rural Development (FMARD) and the German Development Bank (KfW)
