Press Release

NSIA signs landmark agreements with OCP of Morocco, Others.

March 2, 2021 –

NSIA signs landmark agreements with OCP of Morocco, Akwa Ibom State, NNPC, GACN, NCDMB and FEPSAN for development of US$1.4 billion plant to produce Ammonia and Diammonium Phosphate, under its Gas Industrialization Strategy.

Agreements further cement the joint resolve of His Excellency, Muhammadu Buhari, President of Nigeria and His Majesty, King Mohamed VI, King of Morocco to develop a Multipurpose Industrial Platform project in Nigeria, a project of monumental significance in the quest for industrialization, food security and continental cooperation.

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NSIA Supports Tertiary Medical Institutions with Covid-19 Relief Equipment

January 28, 2021 –

The Board of the Nigeria Sovereign Investment Authority (“NSIA”) announces the donation of 126 units of Patient Monitors and 63 units of Oxygen Concentrators to 21 Healthcare Institutions across the 6 geopolitical zones of the country.

In a bid to support the containment of the recent surge in the reported cases of Covid-19 infections in Nigeria and the significant impact this development may have on the economy, the NSIA is donating vital medical equipment to augment the Federal Government’s ongoing effort to enhance clinical care available to Covid-19 patients and to add to the stock of critical medical equipment needed in hospitals across the country.

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NSIA Announces Audited Financial Results for 2019 Financial Year

July 3, 2020 –

 The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth fund, today announced its results for the 2019 financial year. The results show that the Authority sustained its positive performance trajectory in the period under review.

2019 was a mostly favourable year for the Authority. In the first instance, our diversified asset strategy was buoyed by positive returns from the international markets as almost all the investments made in equities, hedge funds and private equity outperformed. Secondly, domestic developments also favoured the Authority and enabled our infrastructure investment strategy to deliver value to the Nigerian people as more capital was deployed in key projects leading to the attainment of significant milestones.

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Launch of the Nigeria Solidarity Support Fund

May 14, 2020 –

 Global Citizen and the Nigeria Sovereign Investment Authority (NSIA) announce the imminent launch of a solidarity fund designed to provide additional support for Nigeria’s response to the COVID-19 pandemic. The Fund will enable Nigerian Citizens resident at home or in the diaspora as well as international donors to come together and directly contribute to Nigeria’s fight against the pandemic.

The announcement was organised as a virtual live streamed event hosted by the NSIA and chaired by His Excellency, the Vice President of The Federal Republic of Nigeria, Profesor Yemi Osinbajo, SAN, GCON. Also participating was the Honourable Minister of Finance, Dr. Zainab Shamsuna Ahmed.

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Nigerian Government to withdraw US$150 million from the Stabilisation Fund (SF) of the Sovereign Wealth Fund (SWF) to contain emerging fiscal risks

April 8, 2020 –

The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth funds, today announces that the FGN plans to draw the sum of US$150 million from the Stabilisation Fund (SF).

The planned withdrawal is to assist government in addressing the emerging fiscal risks due to the coronavirus pandemic and the recent decline in government revenue. Specifically, the fund will be applied towards augmenting the June 2020 Federation Accounts and Allocation Committee (FAAC) planned disbursements to state and local governments across the country.

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