Key Facts

As of year-ended December 31, 2020, highlights of NSIA's performance and activities are as follows:

  • Despite the challenges of Covid-19, NSIA had a strong year owing to strong performance from its investments in international capital markets, improved contribution from subsidiaries and affiliates and exchange gain from foreign currency positions.
  • Recorded 343% growth in Total Comprehensive Income to N160.06 billion in 2020 (previous year: N36.15 billion).
  • Excluding devaluation gain of N51billion, core income of N109billion compared to  N33.07 billion in 2019.
  • Achieved 33% growth in Net Assets to N772.75 billion (previous year: N579.54 billion).
  • Received additional contribution of US$250 million; and provided first stabilization support to the FGN of US$150 million withdrawn from Stabilisation Fund.
  • Received US$311 million from funds recovered from late General Abacha from the US Dept of Justice and Island of Jersey for deployment towards the Presidential Infrastructure Development Fund (PIDF) projects of Abuja-Kaduna-Kano Highway, Lagos Ibadan Expressway and Second Niger Bridge.
  • Covid-19 adversely affected logistics around infrastructure projects especially the toll road projects and the presidential fertilizer initiative.
  • In response to covid-19, NSIA partnered with Global Citizen a not-for profit group to form the Nigeria Solidarity Support Fund. Separately NSIA acquired and distributed oxygen concentrators to the 21-teaching hospital as part of corporate social responsibility; in addition to staffing support to the Presidential taskforce on Covid-19.