Targets power, seaports, airports with new financing facility
From Adanna Nnamani, Abuja
The Nigeria Sovereign Investment Authority (NSIA) has reported a strong financial performance for the 2025 fiscal year, with total assets rising to ₦4.9 trillion and core operating income reaching ₦525.3 billion.
NSIA Managing Director Aminu Umar-Sadiq disclosed this on Thursday in Abuja during the release of the Authority’s audited financial statements, noting that the results reflect sustained growth despite global and domestic economic headwinds.
According to the report, NSIA’s total assets increased by 10.9 per cent year-on-year from ₦4.42 trillion in 2024 to ₦4.91 trillion in 2025, while net asset value rose to ₦4.88 trillion. In dollar terms, net assets climbed to $3.4 billion, representing a 19.8 per cent increase.
The Authority also recorded a core total comprehensive income of ₦478.8 billion, a 17.4 per cent increase from the previous year and the highest since inception. Total comprehensive income stood at $320.2 million, while return on equity improved to 10.5 per cent from 7.2 per cent and return on assets rose to 9.9 per cent.
Umar-Sadiq further noted that the agency’s core operating income rose by 5.5 per cent from ₦498 billion in 2024, driven largely by a 138 per cent increase in returns from externally managed investment portfolios, alongside a 10 per cent rise in interest income.
However, the Authority reported a net unrealised foreign exchange loss of ₦322.4 billion following a 6.5 per cent appreciation of the naira in 2025, compared to gains recorded in the previous year.
Despite inflationary pressures, the Managing Director said NSIA maintained a low cost-to-income ratio of 4.2 per cent, reflecting continued cost discipline alongside investments in strategic platforms.
Beyond financial performance, Umar-Sadiq highlighted progress across key sectors, including healthcare, energy, agriculture, housing and digital infrastructure. He said the Authority’s Medserve platform is expanding cancer and diagnostic centres nationwide, while its renewable energy investments continue to scale through its Riple platform.
He also disclosed that NSIA is working with the World Bank on a new financing initiative aimed at unlocking large-scale infrastructure development across the country.
The planned Nigeria Infrastructure Finance and Guarantee Facility, he explained, is designed as an integrated platform to support the financing and execution of major projects across sectors such as power, airports, seaports and transmission.
According to him, the facility will combine project preparation, viability gap funding, financing and guarantee mechanisms to attract both local and international capital.
Umar-Sadiq said the initiative is part of broader efforts to mobilise private and institutional capital into infrastructure, as well as deepen partnerships following Nigeria’s improved global standing after its removal from international watchlists.
He added that the development positions NSIA to engage a wider pool of global investors and co-finance large-scale projects critical to economic growth.
“Our 2025 results demonstrate the resilience of our investment strategy and our ability to deliver consistent returns despite a volatile global environment. We have continued to grow our asset base, strengthen our balance sheet, and generate stable earnings across our diversified portfolio.
“This performance reflects deliberate efforts to actively deploy capital across a diversified set of investments, supported by strong risk management and a focus on long-term value creation. Our externally managed portfolios and core revenue streams delivered solid results across both developed and emerging markets,” Umar-Sadiq said.
Speaking on infrastructure, he said: “What we are trying to establish with the Nigeria Infrastructure Finance and Guarantee Facility is a platform that can unlock large-scale projects across sectors such as power, ports, airports and transmission. It is about bringing together preparation, financing and guarantees to make these projects bankable and executable at scale.
On capital mobilisation, he added: “With Nigeria’s removal from the grey list, we are now able to engage a broader pool of global investors. This significantly enhances our ability to attract strategic partners to co-develop and co-finance critical projects in the country.”
Looking ahead, the Managing Director said NSIA remains focused on sustaining growth through diversified investments, efficient capital deployment and strategic partnerships aimed at driving long-term economic development and national impact.
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