By Austine Agbo Emmanuel
The Nigeria Sovereign Investment Authority (NSIA) has reported a net asset value of N4.88 trillion for the 2025 financial year, reflecting sustained growth driven by improved earnings, disciplined investment strategy, and a diversified portfolio.
The Managing Director of the Authority, Aminu Umar-Sadiq, disclosed this during the presentation of the institution’s financial statements, noting that total assets rose by 10.9 per cent year-on-year to N4.91 trillion.
He further revealed that net assets increased by 19.8 per cent to $3.4 billion in dollar terms, underscoring the strength of the Authority’s global investment portfolio and consistent capital growth.
According to the report, NSIA recorded a Core Total Comprehensive Income of N478.8 billion and Core Operating Income of N525.3 billion, demonstrating resilience despite a challenging global and domestic economic environment.
Umar-Sadiq said profitability improved significantly, with Return on Equity rising to 10.5 per cent from 7.2 per cent in 2024, while Return on Assets increased to 9.9 per cent from 7.1 per cent.
Despite recording a net unrealised foreign exchange loss of N322.4 billion due to naira appreciation in 2025, the Authority maintained strong underlying performance. Core income, excluding foreign exchange volatility, grew by 17.4 per cent to its highest level since inception.
Providing a long-term outlook, the NSIA boss noted that the Authority has grown its net asset value from an initial $1 billion seed capital to $3.4 billion over 13 years, representing a compound annual growth rate of 10.7 per cent.
“On a consistent basis for each of those 13 years, irrespective of macroeconomic conditions, the institution has always turned a profit,” he said.
He attributed the growth to prudent asset allocation, strong governance, and a focus on long-term value creation.
The Authority operates three core funds, the Stabilisation Fund, the Future Generations Fund, and the Nigeria Infrastructure Fund, designed to support economic stability, intergenerational savings, and domestic infrastructure development.
Beyond its financial performance, NSIA expanded investments across key sectors, including healthcare, energy, agriculture, housing, and technology.
In the healthcare sector, Umar-Sadiq said the Authority strengthened its oncology platform, MedServe, with plans to expand operations nationwide. He noted that additional centres are expected to come on stream to improve access to specialised care.
The Authority also secured a $24.3 million concessional financing facility to enhance cancer and cardiac care services.
In the energy sector, NSIA intensified investments through its renewable energy platform, RIPLE, supporting distributed energy solutions and advancing a 400MW solar module assembly plant in Ogun State. It also backed a 30MW embedded power project in Victoria Island, Lagos, aimed at improving electricity supply.
To drive innovation, NSIA partnered with the Japan International Cooperation Agency to launch a $50 million impact fund targeting Nigerian startups across sectors such as healthcare, agriculture, education, and energy.
Umar-Sadiq noted that the Authority continues to attract additional capital, stating that for every dollar invested, it draws between two to three dollars in support of Nigeria’s infrastructure development.
In agriculture, the Authority progressed work on a temperature-controlled logistics network to reduce post-harvest losses, while also supporting affordable housing initiatives in Abuja and Kano.
Speaking on infrastructure, he highlighted efforts to establish the Nigeria Infrastructure Finance and Guarantee Facility to unlock large-scale projects across power, ports, airports, and transmission.
On capital mobilisation, he noted that Nigeria’s removal from the grey list has improved access to global investors, enhancing opportunities for strategic partnerships.
Looking ahead, Umar-Sadiq said the Authority remains focused on sustaining growth through diversified investments, efficient capital deployment, and partnerships aimed at delivering long-term economic impact.