By Abiodun Folarin
The Nigeria Sovereign Investment Authority (NSIA) has reported a Core Total Comprehensive Income (TCI) of ₦478.8 billion for the financial year ended 2025, up from ₦408.0 billion in 2024, representing a 17.4 per cent year-on-year growth.
NSIA is a government agency responsible for managing Nigeria’s sovereign wealth fund.
The Authority recorded Core Operating Income of ₦525.3 billion ($349.1 million) in 2025, compared to ₦498.0 billion in the preceding year, reflecting sustained earnings growth despite a challenging macroeconomic environment.
Speaking at the presentation of the Authority’s 2025 financial statement in Abuja on Thursday, the Managing Director, Aminu Umar-Sadiq, attributed the strong performance to improved returns across its diversified investment portfolio.
He noted that the growth was largely driven by a 138 per cent increase in externally managed investment portfolios, supported by stronger performance in both developed and emerging markets. Interest income from financial assets also rose by 10 per cent, buoyed by higher yields and increased investment volumes.
Umar-Sadiq disclosed that NSIA’s Net Asset Value (NAV) rose to $3.40 billion in 2025, up from $2.8 billion in 2024, representing a 19.8 per cent increase. From an initial $1 billion seed capital, supplemented by cumulative contributions of $1.06 billion, the Authority has grown total assets to $3.40 billion, delivering a compound annual growth rate (CAGR) of 10.7 per cent.
According to him, NSIA has maintained a consistent growth trajectory since inception, recording 13 consecutive years of earnings expansion and asset accumulation, underscoring strong financial stewardship and disciplined asset allocation.
The Authority also recorded improved profitability ratios, with Return on Equity (ROE) rising to 10.5 per cent in 2025 from 7.2 per cent in 2024, while Return on Assets (ROA) increased to 9.9 per cent from 7.1 per cent in the same period.
He explained that the performance reflects the resilience of NSIA’s globally diversified portfolio, which continues to deliver stable earnings and long-term value creation despite evolving economic conditions.
On impact delivery, Umar-Sadiq said the Authority sustained its dual mandate of generating financial returns while driving economic development through strategic investments across key sectors.
He highlighted NSIA’s catalytic role in mobilising capital, strengthening infrastructure, and supporting innovation in healthcare, energy, technology, agriculture, and capital markets. Key initiatives include the NSIA–JICA Impact Innovation Fund, NSIA Prize for Innovation, digital infrastructure expansion through Kasi Cloud, healthcare access via Medserve, and the National Oncology Initiative.
The Authority also continued to deepen investments in renewable energy, power infrastructure, agriculture, affordable housing, and financial market development.
Umar-Sadiq stated that the 2025 performance reinforces NSIA’s track record in delivering financial returns, national impact, and intergenerational wealth creation.
Looking ahead, he said the Authority remains well-positioned to grow its core revenue streams, maintain balance sheet resilience, and deploy capital efficiently, with a continued focus on diversification, risk-adjusted returns, and catalytic investments across its Stabilisation, Infrastructure, and Future Generations mandates.
With an initial seed capital of $1 billion, the NSIA has grown to manage over $2.4 billion in assets. The agency prioritizes sectors like agriculture, healthcare, power, and renewable energy.
