• Our Investments
  • NSIA FUNDS

Future Focused Economic Development Funding

NSIA Funds

NSIA receives economic development funding primarily from the surplus income generated from the sale of Nigeria’s crude oil. The Authority was allocated an initial sum of US$1 billion in seed capital in 2013. Since then there have been three additional tranches of contributions to the core fund.

The Governing Council approves all fund contributions to the NSIA to enable growth of Nigeria’s Sovereign Wealth Fund (SWF). For accountability and equity, each tranche of funds received by the Authority is vetted by the Accountant General of the Federation (AGF).

In doing this, the AGF also breaks down and apportions the funds by capital contribution to the federating units of Nigeria using the Federation’s Revenue Allocation Formula (as approved by Revenue Mobilisation And Fiscal Commission (RMAFC).

Direct Contributions

DMO – Managed Funds

CONTRIBUTION

$ 200 Million

Capital Allocation

$ 200 Million

APPROVING AUTHORITY

Presidency

SOURCE

FGN Eurobonds 2018,
FGN Eurobonds 2023

The Three Mandate Funds

Nigeria Infrastructure Fund

Nigeria Infrastructure Fund

This fund focuses entirely on domestic investments in selected infrastructure sectors, including motorways, healthcare, power, and agriculture.
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Future Generations Fund

Future Generations Fund

The purpose of this fund is to preserve and grow the value of assets transferred into it in order to provide future generations of Nigerians with a solid savings base for such a time as the country’s hydrocarbon reserves are depleted.
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Stabilisation Fund

Stabilisation Fund

The purpose of this fund is to act as a buffer against short-term macro-economic instability associated with considerable government revenues derived from hydrocarbon exports.
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FGN Withdrawal

Withdrawal from the Stabilisation Fund of the NSIA:

Sections 47 and 49 of the NSIA Act, 2011 allow for funds to be withdrawn from the Stabilisation Fund (SF) where certain criteria are met. When any money is withdrawn from the SWF, NSIA immediately communicates to the AGF who will distribute/allocate the withdrawn amount to all the stakeholders according to the Federation’s Revenue Allocation Formula. Consequently, the stakeholder’s respective capital in the SWF is reduced by the withdrawn amount as allocated.

In 2020 during the COVID pandemic, Government withdrew the sum of US$150m from the SF to fund its COVID intervention budget. NSIA continues to invest the SF in fixed income assets; mostly in short tenured, high quality interest yielding instruments to enable it meet any unexpected requests from Government.