The Nigerian Sovereign Investment Authority (NSIA) has announced plans to roll out new investment and management platforms in 2025 as part of efforts to attract more investments, diversify the economy, and build long-term wealth for the country.
This was revealed by the Managing Director and Chief Executive Officer of the NSIA, Mr. Aminu Umar-Sadiq, during the presentation of the Authority’s 2024 financial results in Abuja on Wednesday. The NSIA, which manages Nigeria’s sovereign wealth fund, also reported a landmark profit of ₦1.86 trillion for the 2024 financial year.
According to Umar-Sadiq, the Authority is now positioned to expand its operations further and deepen its impact across strategic sectors, including agriculture and healthcare.
“In 2025, we are launching and operationalizing new investments and management platforms as part of our broader plans to attract investments and build wealth for the country,” he said.
Mr. Umar-Sadiq emphasized that the new investment platforms will focus on areas with strong potential for job creation, infrastructure development, and sustainable economic growth. He said these initiatives will be carried out in partnership with key stakeholders, including public and private sector actors.
“Part of our plans for this year is to drive economic growth through our strategic interventions in healthcare and agriculture among others. This will be made possible through strategic partnerships with critical stakeholders,” he noted.
The NSIA boss said the Authority is committed to supporting President Bola Ahmed Tinubu’s economic reform agenda, which includes boosting non-oil revenue, improving infrastructure, and promoting private sector participation.
Reflecting on NSIA’s performance in the last fiscal year, Umar-Sadiq described 2024 as a milestone year for the agency. He disclosed that the Authority recorded a profit of ₦1.86 trillion and grew its total assets by 96%, reaching ₦4.35 trillion as of December 2024.
This marks one of the highest earnings in NSIA’s history and reflects strong returns on both domestic and international investments.
“The outstanding financial performance in 2024 reflects our unwavering commitment to creating value for both stakeholders and Nigerians,” he said.
He attributed the achievement to strategic planning, disciplined investment management, and a focus on sustainability.
The NSIA has become a key player in Nigeria’s infrastructure landscape in recent years. Through various strategic partnerships and financing models, the Authority has been involved in major national projects such as:
The Lagos-Ibadan Expressway: A critical transport corridor linking Lagos, the country’s commercial capital, with the southwest and northern regions.
– The Second Niger Bridge: Designed to ease traffic congestion between the southeastern and south-south zones.
– The Abuja-Kaduna-Zaria-Kano Road: A major artery that supports trade and movement in Northern Nigeria.
Umar-Sadiq said the NSIA’s involvement in these high-impact projects has helped bridge funding gaps in infrastructure while ensuring transparency and efficiency in project execution.
“Our focus remains on interventions that have the most direct impact on people’s lives and contribute meaningfully to national development,” he added.
Beyond roads and bridges, the NSIA has also invested in agriculture, healthcare, and renewable energy. These sectors are seen as crucial to diversifying Nigeria’s economy, creating jobs, and reducing poverty.
In healthcare, the Authority has supported the establishment of modern diagnostic centres and hospitals under the **NSIA Healthcare Development and Investment Company (NHDIC)**. These centres provide quality, affordable care to Nigerians and reduce dependence on foreign medical tourism.
In agriculture, NSIA has funded various agribusiness projects aimed at improving food production and processing capacity. The agency has also taken steps to improve access to financing for smallholder farmers and agritech companies.
The Nigerian Sovereign Investment Authority was established in 2011 to manage and invest surplus income earned from Nigeria’s oil resources. The fund was created to secure Nigeria’s future by saving for the next generation, stabilizing the economy during periods of low oil prices, and investing in infrastructure.
1. The Stabilization Fund – meant to support the federal government in times of economic stress.
2. The Future Generations Fund – a long-term savings plan for future Nigerians.
3. The Nigeria Infrastructure Fund (NIF) – used to invest in infrastructure that supports economic development.
The Authority is known for its transparency, strong corporate governance, and ability to attract international investment partners.
The announcement of NSIA’s 2024 financial results and new investment plans was welcomed by economic analysts and policymakers. Many praised the Authority for its consistent performance and strategic vision.
Experts say that with Nigeria facing high inflation, unemployment, and revenue challenges, institutions like NSIA are crucial for long-term stability and development.
“The NSIA has shown that with proper governance and focus, Nigeria’s public institutions can deliver real value,” said a Lagos-based economist. “Their profits in 2024 show not just good investment strategy but also a clear understanding of what Nigeria needs to move forward.”
As the NSIA prepares to launch its new platforms in 2025, expectations are high that the Authority will continue to play a key role in supporting Nigeria’s economic transformation.
Umar-Sadiq assured that the Authority remains committed to its mission of building a prosperous and resilient economy.
“We are building a platform that will serve generations of Nigerians. The progress we’ve made is just the beginning,” he said.
