*Says Nigeria’s $1trn economy will boost geopolitical influence
By Abiodun Folarin
WorldStage– Nigeria Sovereign Investment Authority (NSIA) has highlighted its growth from an initial $1 billion seed fund in 2013 to over $3 billion in assets, a 200% growth, saying the consistent annual profitability has continued to provide assurance for Nigerians both now and in the future.
Vice President of the NSIA, Abraham Durosawo who said this at an event said Nigeria’s ambitious $1 trillion economy target would elevate the country into the league of global economic powers with significant geopolitical influence.
He said NSIA was positioning itself at the heart of long-term economic transformation by leveraging stability gains, infrastructure investments, and strategic global partnerships.
He noted that recent macroeconomic shifts including a steady decline in inflation, rising foreign reserves, and exchange rate stability are already strengthening investor confidence and laying the groundwork for economic stability.
He added that the Central Bank of Nigeria’s easing of key interest rates demonstrated deliberate efforts to drive the economy toward the $1 trillion goal and stimulate economic expansion.
“NSIA is the sovereign wealth fund of Nigeria. What we are essentially set up to do is to provide assurance of an economy and a country where future generations will enjoy a good quality of life,” Durosawo said.
“At NSIA, our role is clear to secure prosperity for both present and future generations.”
On how NSIA invests its funds, Durosawo said, “The first is the Future Generations Fund, which provides a savings base for future generations and is invested in long-term instruments to generate sustainable returns and ensure future prosperity.
“The second fund is the Stabilisation Fund, designed to support the government during periods of economic distress. The creators of NSIA anticipated that such interventions might be necessary. We deployed $150 million during the COVID-19 pandemic to support national response efforts,” he said.
“The third is the Nigeria Infrastructure Fund, which is focused on catalysing economic development through critical infrastructure investments across the country.”
He said, with initiatives spanning cancer treatment centres, housing delivery, fertiliser production, and energy infrastructure, NSIA “is increasingly positioning its capital as a catalyst to attract global investors into Nigeria.”
As Durosawo put it, “doing is better than a thousand speeches,” underscoring the Authority’s strategy of leading through execution to mobilise the scale of investment required to transform Africa’s largest economy.
