The Nigeria Sovereign Investment Authority (NSIA) is a government-owned investment institution that manages Nigeria’s sovereign wealth fund. As a statutory investment agency, the NSIA recognizes its potential to make a significant impact on Nigeria’s development outcomes through its investment decisions across all its funds including those managed on behalf of the Federal Republic of Nigeria and
those attracted through strong private sector partnerships.
As part of this commitment to promoting sustainable development in Nigeria, the NSIA has developed a Theory of Change (ToC) to document its approach to incorporating development impact considerations in investments. Notably, through the application of this ToC, the NSIA ensures that its investments do not only align with its core mandate of generating long-term financial returns required to drive sustained economic development for the benefit of all Nigerians, but also ensure that its activities are aligned with responsible investment practices to ensure the creation of consistent and measurable positive environmental and social developmental outcomes.
Therefore, the Development Impact Policy reflects this ongoing commitment to promoting sustainable development and also sets out the principles, guidelines, and approaches for identifying, assessing, and managing its developmental impacts in alignment with relevant international best practice standards and frameworks.